Parallax Volatility Advisers L.P. Has $1.97 Million Stock Position in Aptiv PLC (NYSE:APTV)

Parallax Volatility Advisers L.P. lifted its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 50.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,283 shares of the auto parts company's stock after buying an additional 9,168 shares during the period. Parallax Volatility Advisers L.P.'s holdings in Aptiv were worth $1,965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in Aptiv in the 3rd quarter valued at approximately $234,000. Investment Management Corp of Ontario raised its holdings in Aptiv by 49.3% during the third quarter. Investment Management Corp of Ontario now owns 9,082 shares of the auto parts company's stock worth $654,000 after purchasing an additional 3,000 shares in the last quarter. Harris Associates L P acquired a new position in Aptiv during the third quarter worth about $162,640,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in Aptiv by 18.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company's stock worth $179,189,000 after buying an additional 388,045 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Aptiv during the third quarter worth $56,159,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Analyst Ratings Changes

APTV has been the topic of several analyst reports. Nomura Securities raised shares of Aptiv from a "strong sell" rating to a "hold" rating in a research report on Monday, August 19th. Bank of America decreased their target price on Aptiv from $105.00 to $102.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Wolfe Research started coverage on shares of Aptiv in a research report on Thursday, September 5th. They issued an "outperform" rating and a $89.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Finally, Fox Advisors cut 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $85.29.

Aptiv Stock Down 0.4 %

Shares of NYSE:APTV traded down $0.24 during midday trading on Friday, hitting $56.67. The stock had a trading volume of 3,610,405 shares, compared to its average volume of 3,157,800. The company has a market cap of $13.32 billion, a P/E ratio of 6.32, a PEG ratio of 0.56 and a beta of 1.78. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $91.66. The business's 50-day simple moving average is $62.46 and its 200-day simple moving average is $68.85. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.30 earnings per share. On average, sell-side analysts forecast that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Aptiv 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.