BNP Paribas Financial Markets Sells 365,592 Shares of Aptiv PLC (NYSE:APTV)

BNP Paribas Financial Markets lessened its holdings in Aptiv PLC (NYSE:APTV) by 58.1% during the third quarter, Holdings Channel.com reports. The firm owned 264,147 shares of the auto parts company’s stock after selling 365,592 shares during the quarter. BNP Paribas Financial Markets’ holdings in Aptiv were worth $19,021,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Independence Bank of Kentucky purchased a new position in shares of Aptiv in the 2nd quarter worth about $25,000. Crewe Advisors LLC raised its holdings in Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Aptiv by 44.3% during the third 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 stake in shares of Aptiv during the second quarter valued at approximately $38,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

NYSE:APTV opened at $55.53 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The stock has a 50-day simple moving average of $63.69 and a two-hundred day simple moving average of $69.48. The firm has a market capitalization of $13.05 billion, a PE ratio of 6.20, a P/E/G ratio of 0.56 and a beta of 1.81. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $91.66.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company posted $1.30 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. Analysts forecast that Aptiv PLC will post 6.15 EPS for the current year.

Analyst Ratings Changes

APTV has been the topic of several recent analyst reports. Guggenheim cut their target price on Aptiv from $87.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. StockNews.com started coverage on Aptiv in a research report on Wednesday. They set a “hold” rating on the stock. Barclays decreased their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Oppenheimer dropped their price target 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. Finally, TD Cowen decreased their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price 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.