Taika Capital LP Decreases Stock Holdings in Aptiv PLC (NYSE:APTV)

Taika Capital LP lowered its stake in Aptiv PLC (NYSE:APTV) by 20.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,294 shares of the auto parts company’s stock after selling 17,963 shares during the period. Aptiv makes up 3.9% of Taika Capital LP’s holdings, making the stock its 9th biggest holding. Taika Capital LP’s holdings in Aptiv were worth $5,134,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Independence Bank of Kentucky bought a new position in shares of Aptiv in the second quarter worth $25,000. Brown Brothers Harriman & Co. grew its position in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares during the last quarter. Crewe Advisors LLC grew its position in Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 215 shares during the last quarter. Wolff Wiese Magana LLC grew its position in Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Aptiv in the second quarter valued at about $38,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 0.9 %

Shares of Aptiv stock opened at $56.91 on Friday. The stock has a fifty day simple moving average of $62.46 and a 200 day simple moving average of $68.85. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $91.66. The company has a market capitalization of $13.38 billion, a P/E ratio of 6.35, a price-to-earnings-growth ratio of 0.56 and a beta of 1.78. 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 (NYSE:APTV) last announced its quarterly earnings results 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 business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. Aptiv’s revenue was down 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on APTV. Bank of America cut their price target 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. Deutsche Bank Aktiengesellschaft cut their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. lifted their price target on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $85.29.

Aptiv 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.