Cwm LLC Decreases Position in Aptiv PLC (NYSE:APTV)

Cwm LLC lowered its stake in shares of Aptiv PLC (NYSE:APTV) by 15.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,101 shares of the auto parts company’s stock after selling 1,619 shares during the period. Cwm LLC’s holdings in Aptiv were worth $655,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Peddock Capital Advisors LLC increased its stake in shares of Aptiv by 4.4% during the 3rd quarter. Peddock Capital Advisors LLC now owns 11,811 shares of the auto parts company’s stock worth $850,000 after purchasing an additional 493 shares during the last quarter. Mather Group LLC. boosted its holdings in Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after buying an additional 176 shares during the period. Fulton Bank N.A. boosted its holdings in Aptiv by 4.9% in the 3rd quarter. Fulton Bank N.A. now owns 39,051 shares of the auto parts company’s stock worth $2,812,000 after buying an additional 1,836 shares during the period. Czech National Bank boosted its holdings in Aptiv by 4.4% in the 3rd quarter. Czech National Bank now owns 54,138 shares of the auto parts company’s stock worth $3,898,000 after buying an additional 2,293 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in Aptiv by 52.5% in the 3rd quarter. Park Avenue Securities LLC now owns 25,482 shares of the auto parts company’s stock worth $1,835,000 after buying an additional 8,775 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on APTV. Morgan Stanley cut their price objective on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating for the company in a report on Wednesday, September 25th. Citigroup cut their price objective on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 12th. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $78.00 to $87.00 in a report on Friday, September 20th. Finally, Robert W. Baird cut their price target on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $95.13.

Aptiv Stock Performance

Aptiv stock opened at $71.76 on Friday. The firm’s fifty day moving average price is $70.08 and its 200-day moving average price is $73.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a market cap of $19.52 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79. Aptiv PLC has a fifty-two week low of $63.62 and a fifty-two week high of $93.41.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.16. The firm had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $1.25 EPS. On average, equities research analysts expect that Aptiv PLC will post 6.28 earnings per share for the current fiscal year.

About Aptiv

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.