Orion Portfolio Solutions LLC Lowers Holdings in Aptiv PLC (NYSE:APTV)

Orion Portfolio Solutions LLC trimmed its position in Aptiv PLC (NYSE:APTV - Free Report) by 37.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,334 shares of the auto parts company's stock after selling 12,744 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Aptiv were worth $1,536,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in Aptiv by 24.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,391 shares of the auto parts company's stock worth $732,000 after acquiring an additional 2,043 shares during the last quarter. Swedbank AB bought a new stake in Aptiv in the second quarter worth $25,018,000. Chesley Taft & Associates LLC boosted its stake in Aptiv by 5.1% during the second quarter. Chesley Taft & Associates LLC now owns 37,188 shares of the auto parts company's stock worth $2,619,000 after buying an additional 1,803 shares during the period. Shayne & Jacobs LLC bought a new position in Aptiv during the second quarter valued at $736,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Aptiv by 9.4% in the second quarter. Nisa Investment Advisors LLC now owns 22,047 shares of the auto parts company's stock valued at $1,553,000 after acquiring an additional 1,890 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Performance

APTV traded down $0.57 on Friday, reaching $57.97. 3,350,667 shares of the stock were exchanged, compared to its average volume of 3,168,490. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The company's 50-day moving average price is $60.90 and its 200 day moving average price is $67.85. The firm has a market capitalization of $13.63 billion, a PE ratio of 6.47, a PEG ratio of 0.59 and a beta of 1.78. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $91.66.

Aptiv (NYSE:APTV - Get Free Report) last released 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 firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company's revenue was down 5.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Aptiv PLC will post 6.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on APTV shares. Robert W. Baird dropped their price target on shares of Aptiv from $85.00 to $65.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Morgan Stanley cut their target price on Aptiv from $68.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, November 14th. TD Cowen decreased their price target on Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Nomura Securities raised Aptiv from a "strong sell" rating to a "hold" rating in a research report on Monday, August 19th. Finally, Fox Advisors downgraded Aptiv from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Aptiv currently has an average rating of "Moderate Buy" and an average price target 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.