Aptiv PLC (NYSE:APTV) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its position in Aptiv PLC (NYSE:APTV) by 12.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,202 shares of the auto parts company’s stock after selling 1,536 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Aptiv were worth $807,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in APTV. Independence Bank of Kentucky purchased a new stake in Aptiv in the 2nd quarter valued at about $25,000. Crewe Advisors LLC raised its stake in shares of Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 215 shares during the period. Clearstead Trust LLC lifted its holdings in shares of Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 305 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in Aptiv in the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of Aptiv stock opened at $54.04 on Friday. The firm’s fifty day simple moving average is $67.15 and its 200-day simple moving average is $71.60. Aptiv PLC has a 12 month low of $52.81 and a 12 month high of $91.66. The stock has a market capitalization of $12.70 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 0.50 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last announced its earnings results 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. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the company earned $1.30 earnings per share. The business’s revenue was down 5.1% compared to the same quarter last year. As a group, equities analysts forecast that Aptiv PLC will post 6.18 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on APTV shares. Barclays cut their price objective on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley dropped their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday. Nomura Securities upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Finally, Oppenheimer dropped their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $86.53.

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.