Applied Finance Capital Management LLC Sells 382,839 Shares of Aptiv PLC (NYSE:APTV)

Applied Finance Capital Management LLC trimmed its holdings in shares of Aptiv PLC (NYSE:APTV) by 79.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 96,067 shares of the auto parts company’s stock after selling 382,839 shares during the period. Applied Finance Capital Management LLC’s holdings in Aptiv were worth $6,918,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of APTV. Capital World Investors acquired a new position in shares of Aptiv during the first quarter worth approximately $343,760,000. EdgePoint Investment Group Inc. acquired a new position in shares of Aptiv during the first quarter worth approximately $335,426,000. Massachusetts Financial Services Co. MA raised its position in shares of Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after purchasing an additional 1,764,844 shares during the period. Ariel Investments LLC acquired a new position in shares of Aptiv during the first quarter worth approximately $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Aptiv by 13.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after purchasing an additional 905,431 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Aptiv Price Performance

Shares of Aptiv stock opened at $56.26 on Friday. The stock has a market capitalization of $13.22 billion, a P/E ratio of 6.28, a price-to-earnings-growth ratio of 0.52 and a beta of 1.81. Aptiv PLC has a one year low of $52.81 and a one year high of $91.66. The business’s 50 day simple moving average is $68.01 and its two-hundred day simple moving average is $71.90. 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 issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.30 EPS. Analysts forecast that Aptiv PLC will post 6.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $78.00 to $87.00 in a research report on Friday, September 20th. StockNews.com initiated coverage on Aptiv in a research note on Sunday, November 3rd. They set a “hold” rating for the company. Oppenheimer cut their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Robert W. Baird cut their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Fox Advisors downgraded 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 issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and an average target price of $87.00.

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.