BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 28.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,853 shares of the auto parts company's stock after selling 89,294 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.08% of Aptiv worth $16,045,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Capital World Investors bought a new stake in shares of Aptiv in the first quarter valued at about $343,760,000. EdgePoint Investment Group Inc. bought a new stake in shares of Aptiv in the first quarter valued at about $335,426,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company's stock valued at $905,681,000 after acquiring an additional 1,764,844 shares in the last quarter. Ariel Investments LLC bought a new position in Aptiv in the first quarter worth about $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Aptiv by 13.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company's stock worth $529,212,000 after purchasing an additional 905,431 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have commented on APTV. StockNews.com downgraded shares of Aptiv from a "buy" rating to a "hold" rating in a report on Friday, July 12th. Oppenheimer reiterated an "outperform" rating and issued a $145.00 target price on shares of Aptiv in a report on Tuesday, July 9th. Morgan Stanley reduced their target price on shares of Aptiv from $70.00 to $68.00 and set an "underweight" rating for the company in a report on Wednesday. Citigroup reduced their target price on shares of Aptiv from $128.00 to $108.00 and set a "buy" rating for the company in a report on Friday, July 12th. Finally, Bank of America cut their price objective on shares of Aptiv from $115.00 to $105.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.31.
Get Our Latest Analysis on APTV
Aptiv Price Performance
Shares of APTV stock traded down $1.71 during trading hours on Wednesday, hitting $70.40. 1,556,037 shares of the company's stock were exchanged, compared to its average volume of 2,987,138. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. The firm has a market cap of $18.71 billion, a P/E ratio of 6.70, a P/E/G ratio of 0.65 and a beta of 1.79. The firm has a 50 day moving average of $69.50 and a two-hundred day moving average of $73.92. Aptiv PLC has a fifty-two week low of $63.62 and a fifty-two week high of $100.88.
Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the prior year, the company earned $1.25 EPS. The firm's revenue was down 2.9% compared to the same quarter last year. Sell-side analysts forecast that Aptiv PLC will post 6.28 EPS for the current year.
Aptiv Profile
(
Free Report)
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.
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