Aptiv PLC (NYSE:APTV) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,658,423 shares of the auto parts company's stock after selling 224,421 shares during the period. Victory Capital Management Inc. owned 1.38% of Aptiv worth $263,443,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Independence Bank of Kentucky purchased a new stake in shares of Aptiv in the 2nd quarter valued at approximately $25,000. Crewe Advisors LLC boosted 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 worth $31,000 after purchasing an additional 215 shares during the period. Clearstead Trust LLC boosted its position in shares of Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company's stock worth $32,000 after purchasing an additional 305 shares during the period. Wolff Wiese Magana LLC boosted 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 worth $36,000 after purchasing an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Aptiv during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Stock Performance

Shares of NYSE:APTV traded up $0.45 during trading on Tuesday, reaching $56.38. The company had a trading volume of 5,086,647 shares, compared to its average volume of 3,104,162. 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 firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81. The stock's fifty day moving average price is $67.69 and its 200 day moving average price is $71.81. Aptiv PLC has a fifty-two week low of $52.81 and a fifty-two week high of $91.66.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the business posted $1.30 earnings per share. The business's revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts predict that Aptiv PLC will post 6.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on APTV. Evercore ISI lowered their price objective on shares of Aptiv from $125.00 to $115.00 and set an "outperform" rating for the company in a research report on Monday, July 15th. Morgan Stanley reduced their price objective on Aptiv from $70.00 to $68.00 and set an "underweight" rating on the stock in a research note on Wednesday, September 25th. Wolfe Research initiated coverage on Aptiv in a report on Thursday, September 5th. They issued an "outperform" rating and a $89.00 target price for the company. Deutsche Bank Aktiengesellschaft cut their price target on Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price target on Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $87.00.

Aptiv Company 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.