Aptiv PLC (NYSE:APTV) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its stake in shares of Aptiv PLC (NYSE:APTV) by 0.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 101,426 shares of the auto parts company’s stock after selling 330 shares during the period. Asset Management One Co. Ltd.’s holdings in Aptiv were worth $7,304,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in APTV. Massachusetts Financial Services Co. MA grew its holdings in shares of Aptiv by 15.9% during 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Aptiv by 13.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after buying an additional 905,431 shares in the last quarter. Capital World Investors purchased a new stake in shares of Aptiv during the first quarter worth $343,760,000. Clearbridge Investments LLC grew its holdings in shares of Aptiv by 3.1% during the first quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock worth $343,728,000 after buying an additional 131,431 shares in the last quarter. Finally, EdgePoint Investment Group Inc. purchased a new stake in shares of Aptiv in the first quarter valued at about $335,426,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APTV. JPMorgan Chase & Co. upped their price objective on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Barclays dropped their price objective on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a report on Monday. Royal Bank of Canada dropped their price objective on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Aptiv Stock Up 3.4 %

Shares of APTV opened at $55.64 on Friday. The stock has a market capitalization of $13.08 billion, a PE ratio of 6.21, a P/E/G ratio of 0.52 and a beta of 1.81. Aptiv PLC has a 1 year low of $52.81 and a 1 year high of $91.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The company’s 50-day simple moving average is $68.62 and its 200-day simple moving average is $72.11.

Aptiv (NYSE:APTV) last issued its earnings results 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 analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 earnings per share. Analysts forecast that Aptiv PLC will post 6.19 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.