First Horizon Advisors Inc. Purchases 218 Shares of Aptiv PLC (NYSE:APTV)

First Horizon Advisors Inc. grew its holdings in Aptiv PLC (NYSE:APTV) by 4.9% during the third quarter, Holdings Channel reports. The firm owned 4,632 shares of the auto parts company’s stock after acquiring an additional 218 shares during the quarter. First Horizon Advisors Inc.’s holdings in Aptiv were worth $334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Swedbank AB bought a new position in shares of Aptiv during the 2nd quarter worth approximately $25,018,000. Virtu Financial LLC bought a new position in Aptiv during the first quarter worth $605,000. Proactive Wealth Strategies LLC acquired a new stake in Aptiv in the third quarter worth $1,815,000. Parkside Investments LLC increased its position in Aptiv by 64.4% in the 2nd quarter. Parkside Investments LLC now owns 101,325 shares of the auto parts company’s stock valued at $7,135,000 after buying an additional 39,685 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Aptiv by 8.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,750,233 shares of the auto parts company’s stock valued at $139,407,000 after acquiring an additional 131,148 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. TD Cowen lowered their target price 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. StockNews.com assumed coverage on Aptiv in a report on Tuesday. They set a “hold” rating on the stock. Bank of America reduced their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Royal Bank of Canada cut their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Two 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, Aptiv has an average rating of “Moderate Buy” and an average price target of $85.29.

Aptiv Stock Up 1.9 %

APTV opened at $54.38 on Friday. The firm has a market capitalization of $12.78 billion, a P/E ratio of 6.07, a price-to-earnings-growth ratio of 0.46 and a beta of 1.81. Aptiv PLC has a one year low of $51.47 and a one year high of $91.66. The company has a fifty day moving average price of $65.09 and a 200-day moving average price of $70.52. 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 (NYSE:APTV) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping 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 business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the business earned $1.30 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. Equities research analysts expect that Aptiv PLC will post 6.18 earnings per share 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.