Kornitzer Capital Management Inc. KS Sells 84,000 Shares of Aptiv PLC (NYSE:APTV)

Kornitzer Capital Management Inc. KS cut its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 40.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,472 shares of the auto parts company's stock after selling 84,000 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Aptiv were worth $8,747,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APTV. Independence Bank of Kentucky bought a new position in shares of Aptiv during the second quarter valued at $25,000. Crewe Advisors LLC lifted its holdings 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 period. Clearstead Trust LLC lifted its holdings in Aptiv by 305.0% in the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company's stock valued at $32,000 after acquiring an additional 305 shares during the period. Wolff Wiese Magana LLC lifted its holdings 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 period. Finally, Cullen Frost Bankers Inc. bought a new position in Aptiv in the second quarter valued at about $38,000. 94.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on APTV shares. TD Cowen lowered their target price on Aptiv from $95.00 to $74.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their target price on Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Barclays lowered their target price on Aptiv from $100.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday. Wolfe Research initiated coverage on Aptiv in a research note on Thursday, September 5th. They issued an "outperform" rating and a $89.00 price objective on the stock. Finally, Evercore ISI decreased their price objective on Aptiv from $125.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, July 15th. Two investment 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $87.00.

Aptiv Price Performance

NYSE APTV traded up $0.61 during trading on Friday, hitting $56.25. 4,562,483 shares of the stock traded hands, compared to its average volume of 3,094,286. The company has a market capitalization of $13.22 billion, a P/E ratio of 6.28, a price-to-earnings-growth ratio of 0.52 and a beta of 1.81. The firm has a 50-day simple moving average of $68.62 and a 200-day simple moving average of $72.11. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 12-month low of $52.81 and a 12-month high of $91.66.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 EPS. As a group, analysts predict that Aptiv PLC will post 6.19 EPS for the current year.

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.