Y Intercept Hong Kong Ltd Sells 27,619 Shares of Aptiv PLC (NYSE:APTV)

Y Intercept Hong Kong Ltd trimmed its position in shares of Aptiv PLC (NYSE:APTV) by 52.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,976 shares of the auto parts company’s stock after selling 27,619 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Aptiv were worth $1,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 3rd quarter valued at approximately $162,640,000. Point72 Asset Management L.P. bought a new position in Aptiv in the 3rd quarter worth approximately $143,909,000. Massachusetts Financial Services Co. MA grew 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 raised its holdings in Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after acquiring an additional 1,294,670 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on APTV. TD Cowen reduced their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada lowered their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Wolfe Research started coverage on shares of Aptiv in a research note on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective for the company. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $78.00 to $87.00 in a research note on Friday, September 20th. Finally, Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.29.

Aptiv Stock Up 1.8 %

Shares of NYSE:APTV opened at $58.41 on Wednesday. The stock has a market capitalization of $13.73 billion, a P/E ratio of 6.52, a price-to-earnings-growth ratio of 0.57 and a beta of 1.78. The stock’s 50-day moving average price is $61.82 and its 200-day moving average price is $68.32. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $91.66.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the firm earned $1.30 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. On average, equities 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.