State Street Corp Sells 63,409 Shares of Aptiv PLC (NYSE:APTV)

State Street Corp trimmed its holdings in Aptiv PLC (NYSE:APTV) by 0.6% in the 3rd quarter, Holdings Channel reports. The fund owned 10,608,264 shares of the auto parts company’s stock after selling 63,409 shares during the quarter. State Street Corp’s holdings in Aptiv were worth $763,901,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Swedbank AB bought a new stake in Aptiv during the 2nd quarter valued at about $25,018,000. Proactive Wealth Strategies LLC purchased a new stake in shares of Aptiv during the 3rd quarter valued at about $1,815,000. National Pension Service boosted its holdings in shares of Aptiv by 16.6% during the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after acquiring an additional 71,633 shares during the last quarter. Mirabella Financial Services LLP boosted its holdings in shares of Aptiv by 184.8% during the 3rd quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company’s stock valued at $2,711,000 after acquiring an additional 24,432 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Aptiv by 73.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after acquiring an additional 47,215 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on APTV shares. Morgan Stanley dropped their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. StockNews.com began coverage on shares of Aptiv in a report on Thursday. They issued a “hold” rating on the stock. TD Cowen dropped their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Barclays dropped their price objective on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Trading Down 0.4 %

Aptiv stock opened at $56.67 on Monday. The stock has a market cap of $13.32 billion, a P/E ratio of 6.32, a PEG ratio of 0.57 and a beta of 1.78. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $91.66. The firm’s 50 day moving average price is $62.11 and its 200-day moving average price is $68.48.

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

Aptiv Company 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.