Versor Investments LP Sells 21,052 Shares of Aptiv PLC (NYSE:APTV)

Versor Investments LP decreased its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 87.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,000 shares of the auto parts company's stock after selling 21,052 shares during the quarter. Versor Investments LP's holdings in Aptiv were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in APTV. Buckingham Capital Management Inc. increased its holdings in Aptiv by 65.6% in the 3rd quarter. Buckingham Capital Management Inc. now owns 6,676 shares of the auto parts company's stock worth $481,000 after buying an additional 2,645 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Aptiv during the 3rd quarter valued at $639,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of Aptiv by 0.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 97,803 shares of the auto parts company's stock valued at $7,043,000 after buying an additional 581 shares during the period. Assetmark Inc. boosted its stake in shares of Aptiv by 15.8% in the 3rd quarter. Assetmark Inc. now owns 3,837 shares of the auto parts company's stock worth $276,000 after buying an additional 523 shares during the last quarter. Finally, Equitable Trust Co. increased its position in Aptiv by 11.1% during the third quarter. Equitable Trust Co. now owns 17,392 shares of the auto parts company's stock valued at $1,252,000 after acquiring an additional 1,734 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

Shares of Aptiv stock traded down $1.10 during trading hours on Friday, reaching $52.93. The company's stock had a trading volume of 7,780,257 shares, compared to its average volume of 4,458,853. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv PLC has a one year low of $52.14 and a one year high of $91.66. The firm has a 50 day moving average price of $66.50 and a 200-day moving average price of $71.34. The stock has a market cap of $12.44 billion, a P/E ratio of 5.91, a P/E/G ratio of 0.47 and a beta of 1.81.

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, beating the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company's revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the company earned $1.30 EPS. On average, analysts predict that Aptiv PLC will post 6.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on APTV. Wolfe Research began coverage on Aptiv in a research report on Thursday, September 5th. They issued an "outperform" rating and a $89.00 target price on the stock. Robert W. Baird lowered their price objective on Aptiv from $85.00 to $65.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Nomura Securities raised shares of Aptiv from a "strong sell" rating to a "hold" rating in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Aptiv from $76.00 to $66.00 and set a "hold" rating for the company in a report on Friday, November 1st. Finally, Fox Advisors cut Aptiv from an "overweight" rating to an "equal weight" rating in a report on Tuesday, October 1st. Two equities research 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $86.53.

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.