Aptiv PLC (NYSE:APTV) Stake Lowered by Ellis Investment Partners LLC

Ellis Investment Partners LLC decreased its stake in Aptiv PLC (NYSE:APTV) by 2.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 15,626 shares of the auto parts company’s stock after selling 426 shares during the period. Ellis Investment Partners LLC’s holdings in Aptiv were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APTV. Broderick Brian C lifted its stake in Aptiv by 0.6% in the first quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock valued at $1,731,000 after buying an additional 132 shares during the last quarter. Wolff Wiese Magana LLC lifted its position in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares during the last quarter. Signaturefd LLC boosted its stake in Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 156 shares during the period. Mather Group LLC. grew its position in Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after purchasing an additional 176 shares during the last quarter. Finally, Crewe Advisors LLC increased its stake in shares of 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 purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $78.00 to $87.00 in a report on Friday, September 20th. JPMorgan Chase & Co. raised their price target on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Oppenheimer reiterated an “outperform” rating and issued a $145.00 target price on shares of Aptiv in a research report on Tuesday, July 9th. Evercore ISI dropped their price target on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. Finally, Morgan Stanley reduced their price target on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating for the company in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.50.

Aptiv Trading Up 1.5 %

Shares of NYSE:APTV traded up $1.00 during midday trading on Friday, reaching $69.31. The company had a trading volume of 2,383,932 shares, compared to its average volume of 2,956,302. The company has a fifty day simple moving average of $70.22 and a two-hundred day simple moving average of $72.74. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79. Aptiv PLC has a 1-year low of $63.62 and a 1-year high of $91.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period last year, the company posted $1.25 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. Research analysts predict that Aptiv PLC will post 6.28 earnings per share for the current year.

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.