Citigroup Inc. Has $53.51 Million Stock Holdings in Aptiv PLC (NYSE:APTV)

Citigroup Inc. lowered its holdings in shares of Aptiv PLC (NYSE:APTV) by 18.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 743,031 shares of the auto parts company’s stock after selling 164,867 shares during the period. Citigroup Inc.’s holdings in Aptiv were worth $53,506,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in Aptiv by 54.5% in the 1st quarter. Advisors Asset Management Inc. now owns 9,469 shares of the auto parts company’s stock valued at $754,000 after purchasing an additional 3,342 shares during the last quarter. BOKF NA lifted its stake in shares of Aptiv by 2,941.7% in the 1st quarter. BOKF NA now owns 730 shares of the auto parts company’s stock valued at $58,000 after acquiring an additional 706 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Aptiv by 8.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,750,233 shares of the auto parts company’s stock valued at $139,407,000 after acquiring an additional 131,148 shares in the last quarter. Paloma Partners Management Co bought a new stake in Aptiv during the 1st quarter worth $783,000. Finally, Bayesian Capital Management LP acquired a new position in Aptiv in the 1st quarter worth about $3,564,000. 94.21% of the stock is currently owned by institutional investors.

Aptiv Stock Up 1.9 %

Aptiv stock opened at $54.38 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $12.78 billion, a PE ratio of 6.07, a PEG ratio of 0.48 and a beta of 1.81. The firm’s fifty day moving average is $65.09 and its 200 day moving average is $70.43. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $91.66.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The business’s revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts predict that Aptiv PLC will post 6.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on APTV. Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $78.00 to $87.00 in a research note on Friday, September 20th. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Barclays cut their price target 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. Guggenheim decreased their price objective on Aptiv from $87.00 to $73.00 and set a “buy” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.