Citigroup Inc. Sells 164,867 Shares of Aptiv PLC (NYSE:APTV)

Citigroup Inc. lowered its stake in shares of Aptiv PLC (NYSE:APTV) by 18.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 743,031 shares of the auto parts company’s stock after selling 164,867 shares during the period. Citigroup Inc. owned approximately 0.32% of Aptiv worth $53,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of APTV. Massachusetts Financial Services Co. MA boosted its stake in 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 during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Aptiv by 13.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after buying an additional 905,431 shares during the period. EdgePoint Investment Group Inc. bought a new stake in shares of Aptiv in the 1st quarter valued at $335,426,000. Mirova US LLC raised its stake in Aptiv by 1.8% during the 2nd quarter. Mirova US LLC now owns 2,667,362 shares of the auto parts company’s stock worth $187,836,000 after buying an additional 48,393 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Aptiv by 4.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,386,232 shares of the auto parts company’s stock worth $171,833,000 after acquiring an additional 108,626 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Up 1.9 %

Shares of APTV opened at $54.38 on Friday. 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 PLC has a 12 month low of $51.47 and a 12 month high of $91.66. The firm’s 50 day moving average is $65.09 and its 200-day moving average is $70.43. The stock has a market capitalization of $12.78 billion, a PE ratio of 6.07, a P/E/G ratio of 0.48 and a beta of 1.81.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS 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 company’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.30 EPS. Equities research analysts forecast that Aptiv PLC will post 6.15 EPS for the current year.

Analyst Upgrades and Downgrades

APTV has been the topic of a number of research analyst reports. Morgan Stanley dropped their price target on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. Barclays dropped their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Robert W. Baird dropped their price objective on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, Royal Bank of Canada reduced their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Aptiv currently has a consensus 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.