Janney Montgomery Scott LLC Trims Stock Holdings in Aptiv PLC (NYSE:APTV)

Janney Montgomery Scott LLC lessened its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 46.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 30,208 shares of the auto parts company's stock after selling 26,160 shares during the period. Janney Montgomery Scott LLC's holdings in Aptiv were worth $2,175,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Wolff Wiese Magana LLC lifted its position in shares of Aptiv by 44.3% in 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 in the last quarter. Signaturefd LLC lifted its position in shares of Aptiv by 6.2% in the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company's stock worth $189,000 after buying an additional 156 shares in the last quarter. Mather Group LLC. lifted its position in shares of Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company's stock worth $47,000 after buying an additional 176 shares in the last quarter. Farther Finance Advisors LLC raised its position in Aptiv by 16.8% during the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company's stock valued at $88,000 after purchasing an additional 176 shares during the period. Finally, Crewe Advisors LLC raised its position in Aptiv by 94.7% during the second 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. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Down 0.4 %

NYSE APTV traded down $0.24 during midday trading on Wednesday, hitting $56.14. 2,598,180 shares of the company traded hands, compared to its average volume of 3,101,879. 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 company has a market cap of $13.20 billion, a PE ratio of 6.32, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81. The company's 50-day simple moving average is $67.42 and its 200-day simple moving average is $71.71. Aptiv PLC has a 52 week low of $52.81 and a 52 week high of $91.66.

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 business had revenue of $4.85 billion for 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 business's revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 EPS. As a group, equities research analysts forecast that Aptiv PLC will post 6.18 earnings per share for the current year.

Analysts Set New Price Targets

APTV has been the topic of a number of recent research reports. StockNews.com initiated coverage on Aptiv in a research report on Monday. They set a "hold" rating on the stock. JPMorgan Chase & Co. upped their price objective on Aptiv from $107.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada decreased their price objective on Aptiv from $82.00 to $72.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, Morgan Stanley reduced their price target on Aptiv from $70.00 to $68.00 and set an "underweight" rating on the stock in a report on Wednesday, September 25th. 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $87.00.

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.