Gulf International Bank UK Ltd Has $1.60 Million Holdings in Aptiv PLC (NYSE:APTV)

Gulf International Bank UK Ltd trimmed its position in Aptiv PLC (NYSE:APTV - Free Report) by 55.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,278 shares of the auto parts company's stock after selling 27,793 shares during the quarter. Gulf International Bank UK Ltd's holdings in Aptiv were worth $1,604,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Janney Montgomery Scott LLC grew its position in shares of Aptiv by 36.6% in the first quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company's stock valued at $3,818,000 after purchasing an additional 12,835 shares during the last quarter. Duality Advisers LP purchased a new stake in shares of Aptiv during the 1st quarter valued at about $2,993,000. Envestnet Portfolio Solutions Inc. raised its holdings in Aptiv by 18.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 58,209 shares of the auto parts company's stock valued at $4,636,000 after buying an additional 9,048 shares during the period. Empowered Funds LLC increased its holdings in shares of Aptiv by 81.2% during the first quarter. Empowered Funds LLC now owns 5,334 shares of the auto parts company's stock valued at $425,000 after acquiring an additional 2,390 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Aptiv in the 1st quarter valued at $477,000. Institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

Shares of NYSE:APTV traded up $0.62 during midday trading on Friday, reaching $56.26. 4,562,588 shares of the company's stock traded hands, compared to its average volume of 3,094,286. The company has a fifty day simple moving average of $68.01 and a two-hundred day simple moving average of $71.90. The company has a market cap of $13.22 billion, a P/E ratio of 6.28, a PEG ratio of 0.52 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv PLC has a 1 year low of $52.81 and a 1 year high of $91.66.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating 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 company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the company earned $1.30 EPS. The firm's quarterly revenue was down 5.1% on a year-over-year basis. Equities analysts predict that Aptiv PLC will post 6.19 EPS for the current fiscal year.

Analyst Ratings Changes

APTV has been the topic of several research reports. TD Cowen cut their target price on Aptiv from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Barclays cut their target price on Aptiv from $100.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday. Evercore ISI cut their target price on Aptiv from $125.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, July 15th. JPMorgan Chase & Co. increased their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Finally, Citigroup cut their price target on Aptiv from $128.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, July 12th. 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.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $87.00.

About Aptiv

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.