Patten Group Inc. Has $435,000 Stock Position in Aptiv PLC (NYSE:APTV)

Patten Group Inc. reduced its holdings in Aptiv PLC (NYSE:APTV) by 33.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,038 shares of the auto parts company’s stock after selling 3,047 shares during the quarter. Patten Group Inc.’s holdings in Aptiv were worth $435,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Aptiv by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock valued at $2,843,905,000 after purchasing an additional 325,550 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Aptiv by 15.9% in the 2nd 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 purchasing an additional 1,764,844 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Aptiv by 13.7% in the 2nd 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 purchasing an additional 905,431 shares during the last quarter. Capital World Investors bought a new stake in shares of Aptiv in the 1st quarter valued at $343,760,000. Finally, Clearbridge Investments LLC boosted its stake in shares of Aptiv by 3.1% in the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock valued at $343,728,000 after purchasing an additional 131,431 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Morgan Stanley reduced their price objective on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating on the stock in a research note on Wednesday, September 25th. StockNews.com lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $78.00 to $87.00 in a research note on Friday, September 20th. Robert W. Baird cut their target price on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Aptiv from $104.00 to $107.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $95.31.

Aptiv Stock Performance

Shares of APTV stock opened at $70.75 on Friday. The firm has a 50-day moving average of $69.89 and a 200-day moving average of $73.37. The company has a market cap of $19.25 billion, a P/E ratio of 6.67, a P/E/G ratio of 0.65 and a beta of 1.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. Aptiv PLC has a one year low of $63.62 and a one year high of $99.31.

Aptiv (NYSE:APTV) last posted its quarterly earnings data 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 business had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter last year, the company posted $1.25 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts forecast that Aptiv PLC will post 6.28 EPS for the current fiscal 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.