Daiwa Securities Group Inc. Cuts Stock Position in Aptiv PLC (NYSE:APTV)

Daiwa Securities Group Inc. decreased its holdings in Aptiv PLC (NYSE:APTV) by 24.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 96,934 shares of the auto parts company’s stock after selling 30,781 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Aptiv were worth $6,980,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of APTV. Advisors Asset Management Inc. raised its position in Aptiv by 54.5% in the first quarter. Advisors Asset Management Inc. now owns 9,469 shares of the auto parts company’s stock worth $754,000 after acquiring an additional 3,342 shares in the last quarter. BOKF NA raised its position in Aptiv by 2,941.7% in the first quarter. BOKF NA now owns 730 shares of the auto parts company’s stock worth $58,000 after acquiring an additional 706 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Aptiv by 8.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,750,233 shares of the auto parts company’s stock worth $139,407,000 after acquiring an additional 131,148 shares in the last quarter. Dynasty Wealth Management LLC purchased a new position in Aptiv in the first quarter worth $359,000. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of Aptiv by 18.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 2,788 shares of the auto parts company’s stock valued at $222,000 after buying an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

APTV stock opened at $57.11 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $91.66. The stock’s 50 day moving average is $64.86 and its two-hundred day moving average is $70.15. The company has a market capitalization of $13.42 billion, a PE ratio of 6.37, a P/E/G ratio of 0.55 and a beta of 1.81.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the business earned $1.30 EPS. Aptiv’s revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts predict that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on APTV shares. Barclays dropped their price target on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. StockNews.com started coverage on Aptiv in a research report on Tuesday, November 19th. They issued a “hold” rating for the company. Bank of America decreased their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Nomura Securities raised Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Wolfe Research initiated coverage on Aptiv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.29.

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.