Y Intercept Hong Kong Ltd Sells 27,619 Shares of Aptiv PLC (NYSE:APTV)

Y Intercept Hong Kong Ltd cut its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 52.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,976 shares of the auto parts company's stock after selling 27,619 shares during the period. Y Intercept Hong Kong Ltd's holdings in Aptiv were worth $1,799,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of APTV. Independence Bank of Kentucky purchased a new stake in shares of Aptiv in the second quarter worth about $25,000. Brown Brothers Harriman & Co. boosted its holdings in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock valued at $32,000 after purchasing an additional 409 shares during the period. Crewe Advisors LLC grew 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 in the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Aptiv by 44.3% in the third 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 stake in shares of Aptiv in the second quarter worth $38,000. Institutional investors own 94.21% of the company's stock.

Aptiv Trading Up 0.8 %

Shares of NYSE APTV traded up $0.49 during mid-day trading on Wednesday, hitting $58.91. The stock had a trading volume of 4,001,902 shares, compared to its average volume of 3,168,955. The business has a 50 day moving average price of $61.57 and a two-hundred day moving average price of $68.15. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $91.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The firm has a market cap of $13.85 billion, a P/E ratio of 6.56, a price-to-earnings-growth ratio of 0.57 and a beta of 1.78.

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

Analysts Set New Price Targets

Several equities analysts recently commented on APTV shares. JPMorgan Chase & Co. boosted their target price on Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Royal Bank of Canada cut their price objective on Aptiv from $82.00 to $72.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Robert W. Baird lowered their target price on shares of Aptiv from $85.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Guggenheim reissued a "buy" rating and issued a $73.00 price target on shares of Aptiv in a research note on Thursday, December 5th. Finally, Fox Advisors cut shares of Aptiv from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and an average target price of $85.29.

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.