Aptiv PLC (NYSE:APTV) Stock Holdings Trimmed by Sanders Capital LLC

Sanders Capital LLC lessened its holdings in Aptiv PLC (NYSE:APTV) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 838,822 shares of the auto parts company’s stock after selling 2,312 shares during the quarter. Sanders Capital LLC owned approximately 0.36% of Aptiv worth $60,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Independence Bank of Kentucky acquired a new position in shares of Aptiv during the second quarter valued at $25,000. Brown Brothers Harriman & Co. grew its position in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares in the last quarter. Crewe Advisors LLC increased its stake in Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after buying an additional 215 shares during the period. Wolff Wiese Magana LLC lifted its stake in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Aptiv in the second quarter valued at approximately $38,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APTV has been the subject of a number of research reports. Royal Bank of Canada decreased their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. StockNews.com began coverage on Aptiv in a report on Tuesday, November 19th. They issued a “hold” rating on the stock. Oppenheimer cut their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wolfe Research assumed coverage on Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price target for the company. Finally, Bank of America cut their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $85.29.

Aptiv Stock Performance

Shares of APTV stock opened at $56.89 on Tuesday. The firm has a market cap of $13.37 billion, a P/E ratio of 6.37, a PEG ratio of 0.55 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 PLC has a fifty-two week low of $51.47 and a fifty-two week high of $91.66. The stock’s 50-day moving average is $64.86 and its two-hundred day moving average is $70.15.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 earnings per share. Analysts predict that Aptiv PLC will post 6.15 earnings per share 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.