Aptiv PLC (NYSE:APTV) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. cut its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 17.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,801 shares of the auto parts company's stock after selling 37,756 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.08% of Aptiv worth $12,731,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of APTV. Independence Bank of Kentucky purchased a new position in Aptiv during the 2nd quarter worth approximately $25,000. Crewe Advisors LLC boosted its holdings 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 valued at $31,000 after acquiring an additional 215 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock valued at $36,000 after acquiring an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new stake in Aptiv in the 2nd quarter valued at $38,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Price Performance

Shares of NYSE:APTV traded down $0.35 during trading on Thursday, hitting $58.54. 2,875,140 shares of the stock were exchanged, compared to its average volume of 3,167,731. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $91.66. The company has a market cap of $13.76 billion, a PE ratio of 6.55, a P/E/G ratio of 0.57 and a beta of 1.78. The company has a fifty day moving average price of $61.35 and a two-hundred day moving average price of $68.09. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the business earned $1.30 earnings per share. Aptiv's quarterly revenue was down 5.1% compared to the same quarter last year. On average, analysts forecast that Aptiv PLC will post 6.15 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on APTV shares. Nomura Securities upgraded shares of Aptiv from a "strong sell" rating to a "hold" rating in a research note on Monday, August 19th. StockNews.com started coverage on Aptiv in a research report on Thursday, December 5th. They issued a "hold" rating on the stock. Bank of America reduced their price objective on Aptiv from $105.00 to $102.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered their target price on Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Finally, TD Cowen decreased their price target on Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus 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.