Chesley Taft & Associates LLC Cuts Stock Position in Aptiv PLC (NYSE:APTV)

Chesley Taft & Associates LLC decreased its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 76.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,745 shares of the auto parts company's stock after selling 28,443 shares during the period. Chesley Taft & Associates LLC's holdings in Aptiv were worth $630,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital World Investors purchased a new position in shares of Aptiv during the 1st quarter worth about $343,760,000. EdgePoint Investment Group Inc. purchased a new position in shares of Aptiv during the first quarter valued at approximately $335,426,000. Massachusetts Financial Services Co. MA grew its stake in shares of Aptiv by 15.9% during 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 buying an additional 1,764,844 shares during the last quarter. Ariel Investments LLC purchased a new stake in shares of Aptiv in the first quarter worth approximately $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company's stock worth $529,212,000 after acquiring an additional 905,431 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Aptiv from $104.00 to $107.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th. Wells Fargo & Company raised shares of 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 note on Friday, September 20th. Barclays decreased their price objective on shares of Aptiv from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Monday, August 5th. Oppenheimer restated an "outperform" rating and issued a $145.00 target price on shares of Aptiv in a research note on Tuesday, July 9th. Finally, Bank of America decreased their price target on shares of Aptiv from $115.00 to $105.00 and set a "buy" rating for the company in a research note on Monday, July 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $95.31.

Aptiv Stock Up 2.5 %

Shares of APTV stock traded up $1.76 during trading hours on Wednesday, reaching $71.36. 2,670,418 shares of the company's stock were exchanged, compared to its average volume of 2,983,345. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. The company has a market cap of $19.41 billion, a price-to-earnings ratio of 6.56, a P/E/G ratio of 0.65 and a beta of 1.79. Aptiv PLC has a fifty-two week low of $63.62 and a fifty-two week high of $99.31. The stock's 50 day moving average is $69.85 and its 200-day moving average is $73.39.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping 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 business had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter last year, the company earned $1.25 earnings per share. The company's quarterly revenue was down 2.9% on a year-over-year basis. Analysts predict that Aptiv PLC will post 6.28 earnings per share for the current fiscal year.

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.