Aptiv PLC (NYSE:APTV) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its stake in Aptiv PLC (NYSE:APTV - Free Report) by 65.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,964 shares of the auto parts company's stock after selling 17,261 shares during the period. Sanctuary Advisors LLC's holdings in Aptiv were worth $645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Aptiv by 1,390.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company's stock worth $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Harris Associates L P acquired a new stake in shares of Aptiv in the third quarter valued at $162,640,000. Point72 Asset Management L.P. purchased a new position in Aptiv in the third quarter valued at $143,909,000. Massachusetts Financial Services Co. MA grew its stake in Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company's stock worth $905,681,000 after purchasing an additional 1,764,844 shares in the last quarter. Finally, FMR LLC increased its holdings in Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

Shares of APTV stock traded up $0.48 during mid-day trading on Wednesday, reaching $59.95. The stock had a trading volume of 1,379,326 shares, compared to its average volume of 3,236,331. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $91.66. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The business has a 50-day simple moving average of $59.16 and a 200 day simple moving average of $66.45. The company has a market cap of $14.09 billion, a P/E ratio of 6.69, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (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 analysts' expectations of $5.10 billion. During the same quarter last year, the firm earned $1.30 earnings per share. The business's revenue was down 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Aptiv PLC will post 6.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Aptiv from $82.00 to $72.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. TD Cowen reduced their price objective on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Fox Advisors lowered Aptiv from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, October 1st. Barclays lowered their target price on shares of Aptiv from $100.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Finally, Robert W. Baird decreased 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.29.

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.