Stifel Financial Corp Sells 123,129 Shares of Aptiv PLC (NYSE:APTV)

Stifel Financial Corp cut its position in Aptiv PLC (NYSE:APTV - Free Report) by 71.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,844 shares of the auto parts company's stock after selling 123,129 shares during the quarter. Stifel Financial Corp's holdings in Aptiv were worth $3,517,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in APTV. Systematic Financial Management LP raised its position in shares of Aptiv by 19.0% in the third quarter. Systematic Financial Management LP now owns 11,782 shares of the auto parts company's stock valued at $848,000 after purchasing an additional 1,880 shares during the period. Quadrature Capital Ltd raised its holdings in Aptiv by 106.3% during the 3rd quarter. Quadrature Capital Ltd now owns 16,892 shares of the auto parts company's stock valued at $1,216,000 after acquiring an additional 8,702 shares during the period. Quantinno Capital Management LP lifted its position in shares of Aptiv by 141.5% during the third quarter. Quantinno Capital Management LP now owns 14,350 shares of the auto parts company's stock worth $1,033,000 after acquiring an additional 8,407 shares in the last quarter. Readystate Asset Management LP boosted its holdings in shares of Aptiv by 95.9% in the third quarter. Readystate Asset Management LP now owns 7,578 shares of the auto parts company's stock worth $546,000 after acquiring an additional 3,710 shares during the period. Finally, Royal London Asset Management Ltd. grew its position in shares of Aptiv by 10.3% in the third quarter. Royal London Asset Management Ltd. now owns 109,504 shares of the auto parts company's stock valued at $7,885,000 after purchasing an additional 10,226 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Trading Down 0.2 %

Shares of APTV traded down $0.13 during mid-day trading on Tuesday, reaching $57.87. The company's stock had a trading volume of 4,385,711 shares, compared to its average volume of 3,182,093. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $91.66. The stock has a market cap of $13.60 billion, a PE ratio of 6.48, a P/E/G ratio of 0.59 and a beta of 1.78. The company's fifty day moving average price is $60.65 and its two-hundred day moving average price is $67.48. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. The firm's revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 earnings per share. On average, analysts predict that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on APTV shares. JPMorgan Chase & Co. raised their target price on Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Wolfe Research assumed coverage on shares of Aptiv in a research report on Thursday, September 5th. They issued an "outperform" rating and a $89.00 price objective for the company. Fox Advisors lowered shares of Aptiv from an "overweight" rating to an "equal weight" rating in a report on Tuesday, October 1st. TD Cowen cut their price target on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a report on Friday, November 1st. Finally, StockNews.com began coverage on shares of Aptiv in a research report on Friday. They set a "hold" rating for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $84.29.

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.