Daiwa Securities Group Inc. Sells 2,147 Shares of Aptiv PLC (NYSE:APTV)

Daiwa Securities Group Inc. decreased its position in Aptiv PLC (NYSE:APTVFree Report) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,547 shares of the auto parts company’s stock after selling 2,147 shares during the quarter. Daiwa Securities Group Inc. owned approximately 0.05% of Aptiv worth $14,152,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC increased its stake in shares of Aptiv by 20.1% during the 2nd quarter. ProShare Advisors LLC now owns 47,405 shares of the auto parts company’s stock worth $4,840,000 after purchasing an additional 7,950 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Aptiv by 6.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 50,844 shares of the auto parts company’s stock worth $5,191,000 after acquiring an additional 3,265 shares during the period. Atwood & Palmer Inc. raised its stake in Aptiv by 3.8% in the 3rd quarter. Atwood & Palmer Inc. now owns 163,971 shares of the auto parts company’s stock valued at $16,166,000 after acquiring an additional 6,050 shares during the period. US Bancorp DE boosted its position in Aptiv by 31.1% during the second quarter. US Bancorp DE now owns 448,414 shares of the auto parts company’s stock worth $45,779,000 after purchasing an additional 106,427 shares during the period. Finally, Schonfeld Strategic Advisors LLC raised its position in shares of Aptiv by 775.8% in the second quarter. Schonfeld Strategic Advisors LLC now owns 600,765 shares of the auto parts company’s stock valued at $61,332,000 after purchasing an additional 532,167 shares during the period. Hedge funds and other institutional investors own 89.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Aptiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 14th. Oppenheimer reissued an “outperform” rating and set a $149.00 price objective on shares of Aptiv in a report on Monday, October 9th. UBS Group reduced their target price on Aptiv from $143.00 to $141.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. Robert W. Baird downgraded shares of Aptiv from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $105.00 to $96.00 in a report on Wednesday, January 3rd. Finally, StockNews.com assumed coverage on shares of Aptiv in a research note on Thursday, October 5th. They set a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.19.

Read Our Latest Stock Report on Aptiv

Aptiv Stock Performance

NYSE APTV opened at $78.86 on Thursday. The company has a 50-day simple moving average of $83.30 and a two-hundred day simple moving average of $93.71. Aptiv PLC has a 12-month low of $71.01 and a 12-month high of $124.88. The firm has a market cap of $22.31 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 0.79 and a beta of 1.99. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.58.

Aptiv (NYSE:APTVGet Free Report) last announced its quarterly earnings results on Thursday, November 2nd. The auto parts company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Aptiv had a return on equity of 13.91% and a net margin of 11.54%. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.09 billion. During the same period in the previous year, the firm earned $1.28 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts forecast that Aptiv PLC will post 4.73 EPS for the current year.

Aptiv Profile

(Free Report)

Aptiv PLC engages in design, manufacture, and sale of vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segments, Signal and Power Solutions, and Advanced Safety and User Experience.

See Also

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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