Aptiv PLC (NYSE:APTV) Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. trimmed its holdings in shares of Aptiv PLC (NYSE:APTV) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,707 shares of the auto parts company’s stock after selling 713 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Aptiv were worth $2,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Eastern Bank acquired a new stake in shares of Aptiv during the third quarter valued at about $1,586,000. Signaturefd LLC boosted its position in shares of Aptiv by 15.5% during the 3rd quarter. Signaturefd LLC now owns 3,098 shares of the auto parts company’s stock worth $223,000 after purchasing an additional 416 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Aptiv by 4.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,386,232 shares of the auto parts company’s stock valued at $171,833,000 after purchasing an additional 108,626 shares during the last quarter. Slow Capital Inc. raised its position in Aptiv by 22.1% in the third quarter. Slow Capital Inc. now owns 33,317 shares of the auto parts company’s stock valued at $2,399,000 after purchasing an additional 6,026 shares during the period. Finally, Blue Trust Inc. lifted its stake in Aptiv by 713.9% during the third quarter. Blue Trust Inc. now owns 2,108 shares of the auto parts company’s stock worth $148,000 after purchasing an additional 1,849 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on APTV. Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $78.00 to $87.00 in a research note on Friday, September 20th. Bank of America cut their price target 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. Robert W. Baird lowered their price objective on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Royal Bank of Canada upped their target price on shares of Aptiv from $85.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Finally, Piper Sandler lowered shares of Aptiv from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $78.00 to $63.00 in a report on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.50.

Aptiv Trading Down 0.6 %

APTV opened at $69.69 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. Aptiv PLC has a one year low of $63.62 and a one year high of $92.14. The company has a market cap of $18.96 billion, a P/E ratio of 6.57, a PEG ratio of 0.65 and a beta of 1.79. The business’s 50-day simple moving average is $70.17 and its 200-day simple moving average is $72.89.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.42 by $0.16. The company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 earnings per share. As a group, equities research analysts expect that Aptiv PLC will post 6.28 EPS for the current fiscal 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.