Orion Portfolio Solutions LLC Lowers Stock Holdings in Aptiv PLC (NYSE:APTV)

Orion Portfolio Solutions LLC cut its holdings in Aptiv PLC (NYSE:APTV) by 37.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,334 shares of the auto parts company’s stock after selling 12,744 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Aptiv were worth $1,536,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Aptiv by 1,390.6% in the 3rd 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 acquiring an additional 5,002,090 shares during the period. Harris Associates L P purchased a new stake in shares of Aptiv during the third quarter worth about $162,640,000. Point72 Asset Management L.P. acquired a new position in shares of Aptiv during the 3rd quarter worth about $143,909,000. Massachusetts Financial Services Co. MA lifted its stake in Aptiv by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after buying an additional 1,764,844 shares in the last quarter. Finally, FMR LLC lifted its stake in Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after buying an additional 1,294,670 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $78.00 to $87.00 in a report on Friday, September 20th. Oppenheimer reduced their price objective 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 decreased their price objective on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Morgan Stanley dropped their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Finally, Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.29.

Aptiv Trading Down 1.0 %

Shares of Aptiv stock opened at $57.97 on Friday. The stock has a 50 day moving average of $60.90 and a 200 day moving average of $67.85. 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 firm has a market capitalization of $13.63 billion, a price-to-earnings ratio of 6.47, a PEG ratio of 0.59 and a beta of 1.78. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $91.66.

Aptiv (NYSE:APTV) last released its quarterly earnings results 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 business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 EPS. As a group, research analysts predict that Aptiv PLC will post 6.15 earnings per share for the current year.

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.