BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 182,450 Shares of Aptiv PLC (NYSE:APTV)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 80.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,403 shares of the auto parts company's stock after selling 182,450 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Aptiv were worth $3,269,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in APTV. Independence Bank of Kentucky acquired a new stake in shares of Aptiv during the 2nd quarter valued at approximately $25,000. Crewe Advisors LLC grew its stake in shares of 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. Brown Brothers Harriman & Co. grew its stake in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after purchasing an additional 409 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock valued at $36,000 after buying an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Aptiv during the second quarter valued at about $38,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Trading Up 1.3 %

NYSE APTV traded up $0.70 on Wednesday, reaching $56.41. The company had a trading volume of 2,892,477 shares, compared to its average volume of 3,154,900. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The business has a 50 day moving average of $62.77 and a two-hundred day moving average of $68.93. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $91.66. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 6.30, a P/E/G ratio of 0.57 and a beta of 1.78.

Aptiv (NYSE:APTV - Get Free Report) last issued its 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. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the business posted $1.30 EPS. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts forecast that Aptiv PLC will post 6.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on APTV shares. Wolfe Research began coverage on Aptiv in a research note on Thursday, September 5th. They issued an "outperform" rating and a $89.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Royal Bank of Canada cut their target price on Aptiv from $82.00 to $72.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Wells Fargo & Company upgraded Aptiv from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $78.00 to $87.00 in a research report on Friday, September 20th. Finally, Morgan Stanley lowered their target price on Aptiv from $68.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday, November 14th. Two 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's stock. According to data from MarketBeat, Aptiv has an average rating of "Moderate Buy" and a consensus target price of $85.29.

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.