Swedbank AB Sells 187,500 Shares of Aptiv PLC (NYSE:APTV)

Swedbank AB reduced its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 52.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 167,763 shares of the auto parts company's stock after selling 187,500 shares during the period. Swedbank AB owned 0.07% of Aptiv worth $12,081,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Independence Bank of Kentucky bought a new stake in Aptiv in the second quarter worth approximately $25,000. Crewe Advisors LLC boosted 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 worth $31,000 after purchasing an additional 215 shares in the last quarter. Wolff Wiese Magana LLC increased its position in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock worth $36,000 after buying an additional 155 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Aptiv during the second quarter valued at about $38,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Aptiv during the 3rd quarter worth about $43,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on APTV. Royal Bank of Canada cut their price objective on Aptiv from $82.00 to $72.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Oppenheimer lowered their target price on shares of Aptiv from $147.00 to $83.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Aptiv from $76.00 to $66.00 and set a "hold" rating for the company in a report on Friday, November 1st. Finally, TD Cowen dropped their price objective on Aptiv from $95.00 to $74.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and an average target price of $85.29.

Aptiv Price Performance

NYSE APTV traded up $0.18 during trading on Wednesday, reaching $55.46. 1,048,936 shares of the company traded hands, compared to its average volume of 3,149,438. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $91.66. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 6.17, a P/E/G ratio of 0.58 and a beta of 1.81. The stock's 50 day moving average price is $64.56 and its two-hundred day moving average price is $69.96. 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 (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv's quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.30 EPS. As a group, analysts anticipate that Aptiv PLC will post 6.15 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.