Impax Asset Management Group plc Cuts Stock Holdings in Aptiv PLC (NYSE:APTV)

Impax Asset Management Group plc reduced its position in Aptiv PLC (NYSE:APTV - Free Report) by 4.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,948,349 shares of the auto parts company's stock after selling 276,722 shares during the period. Aptiv accounts for about 1.7% of Impax Asset Management Group plc's investment portfolio, making the stock its 15th biggest position. Impax Asset Management Group plc owned about 2.19% of Aptiv worth $427,817,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its holdings in Aptiv by 20.5% during the 3rd quarter. QRG Capital Management Inc. now owns 16,067 shares of the auto parts company's stock valued at $1,157,000 after buying an additional 2,735 shares in the last quarter. National Pension Service lifted its stake in Aptiv by 16.6% in the third quarter. National Pension Service now owns 502,896 shares of the auto parts company's stock worth $36,214,000 after acquiring an additional 71,633 shares during the period. Farther Finance Advisors LLC grew its holdings in Aptiv by 16.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company's stock worth $88,000 after acquiring an additional 176 shares in the last quarter. AustralianSuper Pty Ltd purchased a new stake in shares of Aptiv during the 3rd quarter worth $7,175,000. Finally, Pinnacle Associates Ltd. grew its position in shares of Aptiv by 50.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 31,696 shares of the auto parts company's stock worth $2,282,000 after buying an additional 10,601 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Morgan Stanley lowered their target price on shares of Aptiv from $70.00 to $68.00 and set an "underweight" rating for the company in a research note on Wednesday, September 25th. TD Cowen decreased their price objective on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a research note on Friday. JPMorgan Chase & Co. increased their price objective on shares of Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Royal Bank of Canada decreased their target price on shares of Aptiv from $82.00 to $72.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Fox Advisors downgraded Aptiv from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $87.00.

Aptiv Price Performance

APTV stock traded down $0.44 during mid-day trading on Monday, reaching $55.93. The company's stock had a trading volume of 4,658,078 shares, compared to its average volume of 3,049,605. The company has a current ratio of 1.50, a quick ratio of 1.09 and a debt-to-equity ratio of 0.91. The company's 50 day moving average is $69.58 and its two-hundred day moving average is $72.43. Aptiv PLC has a fifty-two week low of $54.70 and a fifty-two week high of $91.66. The stock has a market cap of $14.86 billion, a PE ratio of 6.29, a P/E/G ratio of 0.52 and a beta of 1.81.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the firm earned $1.30 EPS. The company's quarterly revenue was down 5.1% compared to the same quarter last year. Equities research analysts expect that Aptiv PLC will post 6.23 EPS for the current 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.