Applied Finance Capital Management LLC Has $6.92 Million Holdings in Aptiv PLC (NYSE:APTV)

Applied Finance Capital Management LLC trimmed its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 79.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,067 shares of the auto parts company's stock after selling 382,839 shares during the period. Applied Finance Capital Management LLC's holdings in Aptiv were worth $6,918,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Equitable Trust Co. boosted its stake in shares of Aptiv by 11.1% during the 3rd quarter. Equitable Trust Co. now owns 17,392 shares of the auto parts company's stock valued at $1,252,000 after buying an additional 1,734 shares during the period. Capital Performance Advisors LLP acquired a new stake in Aptiv during the third quarter valued at $43,000. Palmer Knight Co grew its stake in Aptiv by 0.6% in the third quarter. Palmer Knight Co now owns 52,133 shares of the auto parts company's stock valued at $3,754,000 after purchasing an additional 297 shares in the last quarter. JB Capital LLC increased its position in Aptiv by 5.2% in the 3rd quarter. JB Capital LLC now owns 39,532 shares of the auto parts company's stock worth $2,847,000 after purchasing an additional 1,959 shares during the last quarter. Finally, Olstein Capital Management L.P. raised its stake in shares of Aptiv by 32.9% during the 3rd quarter. Olstein Capital Management L.P. now owns 109,000 shares of the auto parts company's stock worth $7,849,000 after purchasing an additional 27,000 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Performance

Shares of NYSE APTV traded up $0.61 during trading hours on Friday, reaching $56.25. The stock had a trading volume of 4,562,655 shares, compared to its average volume of 4,037,245. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 0.48 and a beta of 1.81. Aptiv PLC has a twelve month low of $52.81 and a twelve month high of $91.66. The business's fifty day moving average is $68.01 and its two-hundred day moving average is $71.90. 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 - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business's revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 EPS. As a group, research analysts expect that Aptiv PLC will post 6.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley dropped their price objective on Aptiv from $70.00 to $68.00 and set an "underweight" rating on the stock in a report on Wednesday, September 25th. Wolfe Research began coverage on shares of Aptiv in a report on Thursday, September 5th. They set an "outperform" rating and a $89.00 price target on the stock. Robert W. Baird decreased their price objective on shares of Aptiv from $85.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Evercore ISI lowered their target price 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, Barclays reduced 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and an average price target of $87.00.

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.