State Street Corp Sells 63,409 Shares of Aptiv PLC (NYSE:APTV)

State Street Corp reduced its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,608,264 shares of the auto parts company's stock after selling 63,409 shares during the quarter. State Street Corp owned 4.51% of Aptiv worth $763,901,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC increased its position in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock valued at $36,000 after purchasing an additional 155 shares during the period. Signaturefd LLC increased its position in shares of Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company's stock valued at $189,000 after purchasing an additional 156 shares during the period. Mather Group LLC. increased its position in shares of Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company's stock valued at $47,000 after purchasing an additional 176 shares during the period. Farther Finance Advisors LLC increased its position in shares of Aptiv by 16.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company's stock valued at $88,000 after purchasing an additional 176 shares during the period. Finally, Crewe Advisors LLC increased its position in shares of Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 215 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on APTV shares. Robert W. Baird lowered their price target on Aptiv from $85.00 to $65.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company upgraded Aptiv from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $78.00 to $87.00 in a report on Friday, September 20th. Morgan Stanley decreased their target price on Aptiv from $68.00 to $60.00 and set an "underweight" rating on the stock in a report on Thursday, November 14th. TD Cowen decreased their target price on Aptiv from $95.00 to $74.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their target price on Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $85.29.

Aptiv Stock Up 1.3 %

APTV traded up $0.73 during trading on Monday, reaching $57.40. 4,935,019 shares of the stock traded hands, compared to its average volume of 3,165,300. The stock has a market cap of $13.49 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 0.57 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. 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 stock's 50-day simple moving average is $62.11 and its two-hundred day simple moving average is $68.48.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share 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 company had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $5.10 billion. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The business's quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts expect that Aptiv PLC will post 6.15 EPS for the current 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.