Aptiv PLC (NYSE:APTV) Stock Position Decreased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. decreased its position in Aptiv PLC (NYSE:APTV) by 8.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 231,796 shares of the auto parts company’s stock after selling 21,341 shares during the quarter. Northwest & Ethical Investments L.P. owned about 0.10% of Aptiv worth $16,692,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new stake in shares of Aptiv in the second quarter worth about $25,000. Crewe Advisors LLC lifted its position in shares of Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 409 shares during the period. Wolff Wiese Magana LLC grew its holdings in Aptiv by 44.3% in the 3rd 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. Finally, Cullen Frost Bankers Inc. bought a new position in Aptiv in the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Trading Up 0.4 %

Shares of NYSE:APTV traded up $0.24 during mid-day trading on Thursday, reaching $55.52. The stock had a trading volume of 2,704,610 shares, compared to its average volume of 3,157,130. The firm has a 50 day simple moving average of $64.27 and a two-hundred day simple moving average of $69.86. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66. The firm has a market cap of $13.05 billion, a PE ratio of 6.19, a price-to-earnings-growth ratio of 0.58 and a beta of 1.81. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last announced its quarterly earnings results 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. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 EPS. On average, research analysts predict that Aptiv PLC will post 6.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Morgan Stanley reduced their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. Royal Bank of Canada dropped their price objective 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. Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Barclays decreased their price target on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Finally, Bank of America decreased their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and an average target price of $85.29.

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.