Nisa Investment Advisors LLC decreased its holdings in shares of Aptiv PLC (NYSE:APTV – Free Report) by 93.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,227 shares of the auto parts company’s stock after selling 16,942 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Aptiv were worth $53,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC boosted its holdings in Aptiv by 7.3% in the 1st quarter. International Assets Investment Management LLC now owns 3,817 shares of the auto parts company’s stock valued at $265,000 after purchasing an additional 260 shares in the last quarter. Root Financial Partners LLC lifted its stake in Aptiv by 62.2% in the 1st quarter. Root Financial Partners LLC now owns 709 shares of the auto parts company’s stock valued at $49,000 after buying an additional 272 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Aptiv by 3.4% during the first quarter. QRG Capital Management Inc. now owns 8,399 shares of the auto parts company’s stock valued at $583,000 after acquiring an additional 280 shares during the last quarter. Evelyn Partners Investment Management Services Ltd lifted its stake in shares of Aptiv by 108.7% during the first quarter. Evelyn Partners Investment Management Services Ltd now owns 576 shares of the auto parts company’s stock valued at $40,000 after buying an additional 300 shares during the period. Finally, Wealthfront Advisers LLC boosted its holdings in shares of Aptiv by 2.1% during the first quarter. Wealthfront Advisers LLC now owns 16,955 shares of the auto parts company’s stock worth $1,177,000 after purchasing an additional 350 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on APTV shares. TD Cowen reduced their target price on shares of Aptiv from $90.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Wells Fargo & Company decreased their target price on shares of Aptiv from $77.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Weiss Ratings lowered shares of Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. cut Aptiv from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $65.00 to $56.00 in a research note on Tuesday, September 15th. Finally, Morgan Stanley cut shares of Aptiv from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $71.00 to $55.00 in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.60.
View Our Latest Stock Report on Aptiv
Aptiv Stock Up 0.6%
APTV stock opened at $44.18 on Tuesday. The company has a market cap of $9.17 billion, a PE ratio of 5.98, a price-to-earnings-growth ratio of 0.86 and a beta of 1.48. Aptiv PLC has a twelve month low of $41.88 and a twelve month high of $88.93. The business’s 50-day simple moving average is $44.55 and its 200 day simple moving average is $59.76. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.61.
Aptiv (NYSE:APTV – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.21. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.31 billion. Aptiv had a net margin of 1.17% and a return on equity of 17.10%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.12 EPS. On average, research analysts anticipate that Aptiv PLC will post 5.68 earnings per share for the current year.
Aptiv Company Profile
Aptiv PLC (NYSE: APTV) is a global automotive technology company that develops systems and software intended to make vehicles safer, more connected and increasingly automated. Its solutions are used by automakers in passenger vehicles and commercial vehicles worldwide.
The company’s product portfolio includes advanced driver-assistance and active-safety systems, vehicle computing platforms, infotainment and connectivity technologies, automated-driving solutions, and electrical and electronic distribution systems.
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