Aptiv PLC (NYSE:APTV) Holdings Reduced by Public Sector Pension Investment Board

Public Sector Pension Investment Board lessened its holdings in shares of Aptiv PLC (NYSE:APTV) by 97.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,763 shares of the auto parts company’s stock after selling 512,740 shares during the period. Public Sector Pension Investment Board’s holdings in Aptiv were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in APTV. Independence Bank of Kentucky bought a new stake in Aptiv during the 2nd quarter valued at $25,000. Crewe Advisors LLC raised its stake in shares of Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 215 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares during the period. Wolff Wiese Magana LLC grew its position in Aptiv by 44.3% in the 3rd 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 position in Aptiv during the 2nd quarter valued at about $38,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Bank of America decreased their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a report on Monday, October 14th. Robert W. Baird lowered their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company upgraded Aptiv from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $78.00 to $87.00 in a report on Friday, September 20th. Deutsche Bank Aktiengesellschaft lowered their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Trading Down 0.4 %

NYSE:APTV opened at $56.67 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The company has a market capitalization of $13.32 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.57 and a beta of 1.78. The stock’s 50 day moving average price is $62.11 and its 200 day moving average price is $68.58. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $91.66.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the firm earned $1.30 EPS. Aptiv’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, research analysts forecast that Aptiv PLC will post 6.15 EPS for the current fiscal 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.