M&T Bank Corp Has $3.16 Million Stake in Aptiv PLC (NYSE:APTV)

M&T Bank Corp trimmed its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 72.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,831 shares of the auto parts company's stock after selling 113,378 shares during the quarter. M&T Bank Corp's holdings in Aptiv were worth $3,156,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company's stock worth $386,103,000 after purchasing an additional 5,002,090 shares during the last quarter. Harris Associates L P acquired a new stake in Aptiv in the 3rd quarter worth about $162,640,000. Point72 Asset Management L.P. bought a new stake in Aptiv in the 3rd quarter valued at about $143,909,000. Massachusetts Financial Services Co. MA grew its position in shares of Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company's stock worth $905,681,000 after purchasing an additional 1,764,844 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on APTV shares. Nomura Securities upgraded Aptiv from a "strong sell" rating to a "hold" rating in a research note on Monday, August 19th. Fox Advisors cut Aptiv from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, October 1st. Morgan Stanley cut their price objective on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating for the company in a research report on Thursday, November 14th. Oppenheimer decreased their target price on shares of Aptiv from $147.00 to $83.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Finally, StockNews.com assumed coverage on shares of Aptiv in a report on Friday. They set a "hold" rating for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and an average target price of $85.29.

Aptiv Trading Down 1.0 %

Aptiv stock traded down $0.57 during trading hours on Friday, hitting $57.97. The stock had a trading volume of 3,350,667 shares, compared to its average volume of 3,168,490. The business's 50 day simple moving average is $60.90 and its 200-day simple moving average is $67.74. Aptiv PLC has a one year low of $51.47 and a one year high of $91.66. The stock has a market cap of $13.63 billion, a price-to-earnings ratio of 6.47, a P/E/G ratio of 0.59 and a beta of 1.78. 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 (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the business earned $1.30 EPS. The firm's quarterly revenue was down 5.1% on a year-over-year basis. On average, equities analysts predict that Aptiv PLC will post 6.15 EPS for the current fiscal year.

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.