Calamos Advisors LLC Reduces Stock Position in Aptiv PLC (NYSE:APTV)

Calamos Advisors LLC decreased its stake in shares of Aptiv PLC (NYSE:APTV) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 204,728 shares of the auto parts company’s stock after selling 5,257 shares during the period. Calamos Advisors LLC owned about 0.08% of Aptiv worth $14,417,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new position in Aptiv in the second quarter worth about $25,000. Clear Creek Financial Management LLC purchased a new position in shares of Aptiv in the second quarter worth approximately $243,000. Banque Pictet & Cie SA boosted its holdings in shares of Aptiv by 9.0% in the second quarter. Banque Pictet & Cie SA now owns 73,225 shares of the auto parts company’s stock worth $5,157,000 after buying an additional 6,045 shares during the last quarter. JB Capital LLC grew its position in Aptiv by 5.0% during the second quarter. JB Capital LLC now owns 37,573 shares of the auto parts company’s stock valued at $2,646,000 after buying an additional 1,801 shares during the period. Finally, &PARTNERS increased its holdings in Aptiv by 63.6% during the second quarter. &PARTNERS now owns 14,519 shares of the auto parts company’s stock valued at $1,006,000 after buying an additional 5,643 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

APTV has been the topic of a number of recent research reports. UBS Group decreased their target price on Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Nomura Securities raised Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. The Goldman Sachs Group cut their price objective on Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Bank of America decreased their target price on shares of Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $145.00 price target on shares of Aptiv in a report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.64.

Insider Activity

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the transaction, the director now directly owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

Aptiv Stock Performance

APTV opened at $72.29 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.49. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of 6.81, a PEG ratio of 0.66 and a beta of 1.79. The company has a fifty day moving average of $70.07 and a 200 day moving average of $75.36. Aptiv PLC has a fifty-two week low of $65.13 and a fifty-two week high of $104.72.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping 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 return on equity of 13.19% and a net margin of 18.46%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 earnings per share. As a group, sell-side analysts forecast that Aptiv PLC will post 6.3 earnings per share for the current fiscal year.

Aptiv Company 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.