Aptiv PLC (NYSE:APTV) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its position in Aptiv PLC (NYSE:APTV) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,912 shares of the auto parts company’s stock after selling 3,604 shares during the period. D.A. Davidson & CO.’s holdings in Aptiv were worth $1,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in APTV. Independence Bank of Kentucky purchased a new stake in shares of Aptiv during the 2nd quarter worth $25,000. Crewe Advisors LLC boosted its holdings in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares during the period. Wolff Wiese Magana LLC increased its holdings in Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Aptiv during the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Guggenheim lowered their price target on Aptiv from $87.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. StockNews.com initiated coverage on Aptiv in a report on Wednesday, November 27th. They issued a “hold” rating on the stock. Morgan Stanley cut their price target on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Bank of America lowered their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $85.29.

Aptiv Price Performance

Shares of NYSE:APTV opened at $55.53 on Monday. The business has a fifty day simple moving average of $63.69 and a 200-day simple moving average of $69.39. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $91.66. The company has a market cap of $13.05 billion, a P/E ratio of 6.20, a P/E/G ratio of 0.56 and a beta of 1.81. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 EPS. Equities research analysts forecast that Aptiv PLC will post 6.15 EPS for the current year.

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.