BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $3.27 Million Position in Aptiv PLC (NYSE:APTV)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its holdings in Aptiv PLC (NYSE:APTV) by 80.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,403 shares of the auto parts company’s stock after selling 182,450 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Aptiv were worth $3,269,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have 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 purchasing an additional 1,764,844 shares during the last quarter. FMR LLC lifted its position in shares of Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake 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 valued at $529,212,000 after purchasing an additional 905,431 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of 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 in the last quarter. Finally, Mirova US LLC raised its position in shares of Aptiv by 1.8% during the second quarter. Mirova US LLC now owns 2,667,362 shares of the auto parts company’s stock worth $187,836,000 after acquiring an additional 48,393 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Down 0.6 %

Shares of APTV stock opened at $55.71 on Wednesday. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66. The stock’s fifty day simple moving average is $63.05 and its 200 day simple moving average is $69.02. 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 has a market capitalization of $13.09 billion, a P/E ratio of 6.22, a P/E/G ratio of 0.57 and a beta of 1.78.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 posted $1.30 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. As a group, sell-side analysts predict that Aptiv PLC will post 6.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

APTV has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased 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. Barclays cut their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Oppenheimer lowered their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada cut their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Wolfe Research assumed coverage on Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price on the stock. Two equities research 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.29.

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.