Geode Capital Management LLC Sells 36,831 Shares of Aptiv PLC (NYSE:APTV)

Geode Capital Management LLC reduced its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,425,308 shares of the auto parts company's stock after selling 36,831 shares during the quarter. Geode Capital Management LLC owned 2.73% of Aptiv worth $461,122,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in APTV. Massachusetts Financial Services Co. MA raised its holdings in Aptiv by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company's stock worth $905,681,000 after purchasing an additional 1,764,844 shares during the period. FMR LLC raised its stake in shares of Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock worth $550,759,000 after buying an additional 1,294,670 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company's stock valued at $529,212,000 after buying an additional 905,431 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company's stock valued at $386,103,000 after acquiring an additional 5,002,090 shares during the period. Finally, Mirova US LLC increased its holdings in Aptiv by 1.8% in the 2nd quarter. Mirova US LLC now owns 2,667,362 shares of the auto parts company's stock worth $187,836,000 after acquiring an additional 48,393 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Guggenheim reaffirmed a "buy" rating and set a $73.00 price target on shares of Aptiv in a report on Thursday, December 5th. Fox Advisors cut shares of Aptiv from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, October 1st. Robert W. Baird cut their price target on Aptiv from $85.00 to $65.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Bank of America lowered their price objective on Aptiv from $105.00 to $102.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Finally, StockNews.com started coverage on Aptiv in a research note on Friday. They issued a "hold" rating for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Aptiv has a consensus rating of "Moderate Buy" and an average price target of $85.29.

Aptiv Trading Down 1.0 %

Shares of NYSE:APTV traded down $0.57 during trading on Friday, reaching $57.97. The company's stock had a trading volume of 3,350,666 shares, compared to its average volume of 3,168,490. The stock has a market capitalization of $13.63 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $91.66. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm's 50 day simple moving average is $61.14 and its two-hundred day simple moving average is $68.02.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $5.10 billion. During the same quarter in the previous year, the business earned $1.30 EPS. The company's quarterly revenue was down 5.1% on a year-over-year basis. On average, research analysts predict that Aptiv PLC will post 6.15 EPS for the current fiscal 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.