Thrivent Financial for Lutherans Cuts Holdings in Aptiv PLC (NYSE:APTV)

Thrivent Financial for Lutherans lessened its stake in Aptiv PLC (NYSE:APTV) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 794,297 shares of the auto parts company’s stock after selling 549 shares during the period. Thrivent Financial for Lutherans owned approximately 0.34% of Aptiv worth $57,197,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Independence Bank of Kentucky purchased a new position in Aptiv in the 2nd quarter worth approximately $25,000. Crewe Advisors LLC grew its stake in Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Aptiv in the 2nd quarter worth approximately $38,000. Finally, Capital Performance Advisors LLP purchased a new position in Aptiv in the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Down 0.4 %

Shares of Aptiv stock opened at $52.71 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The company has a 50-day moving average of $66.18 and a 200 day moving average of $71.18. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 0.47 and a beta of 1.81. Aptiv PLC has a 1 year low of $52.14 and a 1 year high of $91.66.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping 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%. Aptiv’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.30 EPS. As a group, sell-side analysts anticipate that Aptiv PLC will post 6.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. TD Cowen cut their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Wolfe Research initiated coverage on shares of Aptiv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective for the company. JPMorgan Chase & Co. increased their price target on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.53.

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.