Aptiv PLC (NYSE:APTV) Shares Sold by Swedbank AB

Swedbank AB cut its position in Aptiv PLC (NYSE:APTV) by 52.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,763 shares of the auto parts company’s stock after selling 187,500 shares during the quarter. Swedbank AB owned 0.07% of Aptiv worth $12,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. purchased a new position in Aptiv in the first quarter valued at about $335,426,000. Massachusetts Financial Services Co. MA increased its stake in shares of Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after buying an additional 1,764,844 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Aptiv by 13.7% during 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 acquiring an additional 905,431 shares during the last quarter. Mizuho Securities USA LLC raised its stake in shares of Aptiv by 3,679.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 792,581 shares of the auto parts company’s stock valued at $57,074,000 after purchasing an additional 771,608 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Aptiv by 1,368.6% in the third quarter. SG Americas Securities LLC now owns 414,273 shares of the auto parts company’s stock valued at $29,832,000 after buying an additional 386,064 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on APTV shares. Royal Bank of Canada dropped their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wolfe Research initiated coverage on shares of Aptiv in a report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price on the stock. StockNews.com initiated coverage on Aptiv in a report on Wednesday. They issued a “hold” rating on the stock. Oppenheimer dropped 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. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.29.

Aptiv Price Performance

Shares of NYSE APTV opened at $55.28 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average of $64.56 and a two-hundred day moving average of $69.96. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66. The company has a market capitalization of $12.99 billion, a price-to-earnings ratio of 6.17, a PEG ratio of 0.55 and a beta of 1.81.

Aptiv (NYSE:APTV) last announced its quarterly earnings data 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 return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, analysts expect that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

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.