Aptiv PLC (NYSE:APTV) Shares Sold by Deerfield Management Company L.P. Series C

Deerfield Management Company L.P. Series C reduced its stake in Aptiv PLC (NYSE:APTV) by 14.3% in the 2nd quarter, Holdings Channel reports. The firm owned 5,980 shares of the auto parts company’s stock after selling 998 shares during the quarter. Deerfield Management Company L.P. Series C’s holdings in Aptiv were worth $421,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake 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 valued at $2,843,905,000 after acquiring an additional 325,550 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after acquiring an additional 1,764,844 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Aptiv by 13.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after acquiring an additional 905,431 shares in the last quarter. Capital World Investors acquired a new stake in shares of Aptiv during the first quarter valued at about $343,760,000. Finally, Clearbridge Investments LLC grew its stake in shares of Aptiv by 3.1% during the first quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock valued at $343,728,000 after acquiring an additional 131,431 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on APTV shares. Robert W. Baird lowered their target price on Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. JPMorgan Chase & Co. raised their target price on Aptiv from $104.00 to $107.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Barclays reduced their price target on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Royal Bank of Canada increased their price target on shares of Aptiv from $85.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Finally, Citigroup reduced their price target on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $95.31.

Aptiv Stock Performance

Shares of NYSE APTV opened at $74.24 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $69.47 and its two-hundred day moving average price is $73.88. Aptiv PLC has a 52-week low of $63.62 and a 52-week high of $100.88. The stock has a market capitalization of $20.20 billion, a P/E ratio of 7.00, a P/E/G ratio of 0.65 and a beta of 1.79.

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 analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter last year, the company posted $1.25 earnings per share. Aptiv’s revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Aptiv PLC will post 6.28 earnings per share for the current 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.