Parallax Volatility Advisers L.P. Has $1.97 Million Stock Holdings in Aptiv PLC (NYSE:APTV)

Parallax Volatility Advisers L.P. lifted its holdings in Aptiv PLC (NYSE:APTV) by 50.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,283 shares of the auto parts company’s stock after buying an additional 9,168 shares during the quarter. Parallax Volatility Advisers L.P.’s holdings in Aptiv were worth $1,965,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in Aptiv by 196.5% in the 1st quarter. Cetera Investment Advisers now owns 32,763 shares of the auto parts company’s stock valued at $2,610,000 after buying an additional 21,712 shares during the last quarter. Cetera Advisors LLC bought a new position in Aptiv in the first quarter valued at about $383,000. GAMMA Investing LLC boosted its holdings in Aptiv by 146.9% in the second quarter. GAMMA Investing LLC now owns 1,005 shares of the auto parts company’s stock valued at $71,000 after acquiring an additional 598 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Aptiv in the second quarter worth about $350,000. Finally, Park Avenue Securities LLC raised its holdings in Aptiv by 9.5% during the 2nd quarter. Park Avenue Securities LLC now owns 16,707 shares of the auto parts company’s stock worth $1,176,000 after purchasing an additional 1,455 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Performance

APTV opened at $56.91 on Friday. The company has a market capitalization of $13.38 billion, a price-to-earnings ratio of 6.35, a P/E/G ratio of 0.56 and a beta of 1.78. The business’s 50-day moving average price is $62.46 and its two-hundred day moving average price is $68.85. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $91.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

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. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.30 EPS. Equities analysts expect that Aptiv PLC will post 6.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. TD Cowen lowered their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Oppenheimer cut their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. StockNews.com assumed coverage on Aptiv in a research note on Thursday. They set a “hold” rating for the company. Finally, Robert W. Baird cut their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.