Mercer Global Advisors Inc. ADV Sells 1,514 Shares of Aptiv PLC (NYSE:APTV)

Mercer Global Advisors Inc. ADV lowered its stake in shares of Aptiv PLC (NYSE:APTV) by 22.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,355 shares of the auto parts company’s stock after selling 1,514 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Aptiv were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its position in shares of Aptiv by 36.6% during the first quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock worth $3,818,000 after purchasing an additional 12,835 shares during the period. Vanguard Group Inc. raised its position in shares of Aptiv by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock worth $2,843,905,000 after purchasing an additional 325,550 shares during the period. Hemenway Trust Co LLC raised its position in shares of Aptiv by 25.2% during the first quarter. Hemenway Trust Co LLC now owns 55,968 shares of the auto parts company’s stock worth $4,458,000 after purchasing an additional 11,270 shares during the period. M&G Plc acquired a new stake in shares of Aptiv during the first quarter worth about $8,337,000. Finally, Olstein Capital Management L.P. acquired a new stake in shares of Aptiv during the first quarter worth about $3,345,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

APTV opened at $74.24 on Monday. The business has a fifty day simple moving average of $69.58 and a 200 day simple moving average of $73.78. The company has a market capitalization of $20.20 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. Aptiv PLC has a 1 year low of $63.62 and a 1 year high of $100.88.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the prior year, the company posted $1.25 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. Research analysts expect that Aptiv PLC will post 6.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Bank of America dropped their target price on Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Barclays dropped their target price on Aptiv from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Citigroup dropped their target price on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Robert W. Baird dropped their target price on Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Finally, Morgan Stanley dropped their target price on Aptiv from $70.00 to $68.00 and set an “underweight” rating on the stock in a research report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.31.

Aptiv Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.