Fiduciary Trust Co Sells 4,977 Shares of Aptiv PLC (NYSE:APTV)

Fiduciary Trust Co lessened its position in shares of Aptiv PLC (NYSE:APTV) by 52.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,598 shares of the auto parts company’s stock after selling 4,977 shares during the period. Fiduciary Trust Co’s holdings in Aptiv were worth $331,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of APTV. Massachusetts Financial Services Co. MA raised its position 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 during the last quarter. FMR LLC grew its stake in shares of Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after acquiring an additional 1,294,670 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Aptiv by 13.7% in the second 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 purchasing an additional 905,431 shares during the last quarter. Mizuho Securities USA LLC lifted its position in shares of Aptiv by 3,679.1% in the third quarter. Mizuho Securities USA LLC now owns 792,581 shares of the auto parts company’s stock worth $57,074,000 after purchasing an additional 771,608 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Aptiv by 1,368.6% during the third quarter. SG Americas Securities LLC now owns 414,273 shares of the auto parts company’s stock worth $29,832,000 after purchasing an additional 386,064 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analysts Set New Price Targets

APTV has been the topic of several analyst reports. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. 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. Wolfe Research initiated coverage on Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Guggenheim lowered their target price on shares of Aptiv from $87.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.29.

Aptiv Stock Performance

NYSE:APTV opened at $55.53 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. The stock has a 50 day simple moving average of $63.69 and a 200 day simple moving average of $69.48. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $91.66. The stock has a market cap of $13.05 billion, a P/E ratio of 6.20, a PEG ratio of 0.56 and a beta of 1.81.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. Aptiv’s quarterly revenue was down 5.1% on a year-over-year basis. Research analysts anticipate that Aptiv PLC will post 6.15 earnings per share for the current year.

About Aptiv

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.