Aptiv PLC (NYSE:APTV) Shares Sold by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC trimmed its position in Aptiv PLC (NYSE:APTV) by 48.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,128 shares of the auto parts company’s stock after selling 5,683 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Aptiv were worth $371,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Aptiv by 1,390.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after purchasing an additional 5,002,090 shares during the last quarter. Harris Associates L P bought a new position in shares of Aptiv in the third quarter valued at $162,640,000. Point72 Asset Management L.P. acquired a new stake in shares of Aptiv during the 3rd quarter valued at $143,909,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after acquiring an additional 1,764,844 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after acquiring an additional 1,294,670 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

NYSE:APTV traded up $1.22 during mid-day trading on Monday, hitting $60.57. 3,621,420 shares of the company’s stock traded hands, compared to its average volume of 3,108,546. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm has a 50 day moving average of $57.28 and a two-hundred day moving average of $65.27. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $88.89.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities analysts forecast that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on APTV. Oppenheimer reduced their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. TD Cowen cut their price target 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. Wells Fargo & Company decreased their price objective on shares of Aptiv from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, Bank of America cut their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.29.

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.