Pathstone Holdings LLC Decreases Stock Position in Aptiv PLC (NYSE:APTV)

Pathstone Holdings LLC lowered its stake in shares of Aptiv PLC (NYSE:APTV) by 12.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,363 shares of the auto parts company’s stock after selling 3,625 shares during the quarter. Pathstone Holdings LLC’s holdings in Aptiv were worth $1,898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of APTV. Wolff Wiese Magana LLC grew its holdings in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Aptiv by 6.2% in the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 156 shares during the period. Mather Group LLC. raised its stake in shares of Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after purchasing an additional 176 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Aptiv by 16.8% during the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after purchasing an additional 176 shares during the period. Finally, Crewe Advisors LLC boosted its position in Aptiv by 94.7% in the second 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 last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Guggenheim decreased their price objective on shares of Aptiv from $87.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Royal Bank of Canada lowered their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Barclays reduced their price objective on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Nomura Securities upgraded Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Bank of America reduced their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Trading Down 3.2 %

Shares of Aptiv stock opened at $55.28 on Wednesday. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66. The firm’s 50-day moving average price is $64.56 and its 200 day moving average price is $69.96. 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 market capitalization of $12.99 billion, a PE ratio of 6.17, a P/E/G ratio of 0.55 and a beta of 1.81.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the company posted $1.30 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. On average, sell-side analysts predict that Aptiv PLC will post 6.15 EPS for the current fiscal 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.