Broderick Brian C Trims Stock Position in Aptiv PLC (NYSE:APTV)

Broderick Brian C trimmed its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 48.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,640 shares of the auto parts company's stock after selling 10,838 shares during the period. Broderick Brian C's holdings in Aptiv were worth $838,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Independence Bank of Kentucky acquired a new stake in Aptiv in the second quarter valued at approximately $25,000. Clearstead Trust LLC increased its holdings in shares of Aptiv by 305.0% in the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company's stock worth $32,000 after buying an additional 305 shares during the period. Crewe Advisors LLC increased its position in Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 215 shares during the period. Wolff Wiese Magana LLC increased its position in Aptiv by 44.3% during the 3rd 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. purchased a new stake in shares of Aptiv during the 2nd quarter valued at about $38,000. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Performance

Shares of APTV stock traded down $1.00 during trading hours on Friday, reaching $53.03. 4,630,783 shares of the company traded hands, compared to its average volume of 3,112,734. The company has a market cap of $12.46 billion, a P/E ratio of 6.01, a P/E/G ratio of 0.50 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv PLC has a 12-month low of $52.14 and a 12-month high of $91.66. The firm has a 50-day moving average price of $66.82 and a 200 day moving average price of $71.48.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The company 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%. The firm's quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 EPS. As a group, sell-side analysts predict that Aptiv PLC will post 6.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APTV. Wells Fargo & Company upgraded Aptiv from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. Barclays decreased their price objective on shares of Aptiv from $100.00 to $80.00 and set an "overweight" rating for the company in a research note on Monday, November 4th. Nomura Securities raised shares of Aptiv from a "strong sell" rating to a "hold" rating in a report on Monday, August 19th. Oppenheimer lowered their price objective on Aptiv from $147.00 to $83.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Finally, Bank of America cut 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. Two equities research 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $86.53.

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.