Aptiv PLC (NYSE:APTV) Shares Sold by BDF Gestion

BDF Gestion reduced its stake in shares of Aptiv PLC (NYSE:APTV) by 8.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,699 shares of the auto parts company’s stock after selling 852 shares during the period. BDF Gestion’s holdings in Aptiv were worth $587,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Aptiv by 1,390.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after purchasing an additional 5,002,090 shares during the last quarter. Harris Associates L P acquired a new position in Aptiv during the third quarter valued at approximately $162,640,000. Point72 Asset Management L.P. purchased a new stake in Aptiv during the third quarter worth approximately $143,909,000. FMR LLC increased its position in shares of Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after acquiring an additional 1,294,670 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after acquiring an additional 1,090,766 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

APTV has been the subject of a number of research reports. Robert W. Baird raised shares of Aptiv from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $75.00 to $82.00 in a research report on Monday. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reduced their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Oppenheimer dropped their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.47.

Aptiv Stock Performance

Shares of NYSE APTV opened at $62.88 on Friday. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $88.89. The stock has a market capitalization of $14.78 billion, a P/E ratio of 7.02, a P/E/G ratio of 0.56 and a beta of 1.75. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The firm’s 50-day moving average price is $59.25 and its two-hundred day moving average price is $64.59.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. Aptiv’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that Aptiv PLC will post 6.15 earnings per share for the current year.

Aptiv 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.