Quantum Private Wealth LLC Has $372,000 Stock Position in Aptiv PLC (NYSE:APTV)

Quantum Private Wealth LLC lowered its holdings in shares of Aptiv PLC (NYSE:APTV) by 13.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 5,168 shares of the auto parts company’s stock after selling 815 shares during the period. Quantum Private Wealth LLC’s holdings in Aptiv were worth $372,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Capital World Investors bought a new position in Aptiv during the first quarter worth $343,760,000. EdgePoint Investment Group Inc. acquired a new position in shares of Aptiv in the first quarter valued at approximately $335,426,000. Massachusetts Financial Services Co. MA increased its stake in shares of Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after purchasing an additional 1,764,844 shares during the period. Ariel Investments LLC acquired a new stake in Aptiv during the 1st quarter worth approximately $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Aptiv by 13.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after acquiring an additional 905,431 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com assumed coverage on shares of Aptiv in a research report on Sunday, November 3rd. They set a “hold” rating on the stock. JPMorgan Chase & Co. raised their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Bank of America cut their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Finally, Barclays cut their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Aptiv Trading Down 1.5 %

APTV opened at $54.81 on Friday. The stock has a market cap of $12.88 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 0.52 and a beta of 1.81. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv PLC has a twelve month low of $52.81 and a twelve month high of $91.66. The company has a fifty day moving average of $68.62 and a 200-day moving average of $72.11.

Aptiv (NYSE:APTV) last issued its 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. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. 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 company posted $1.30 earnings per share. On average, sell-side analysts predict that Aptiv PLC will post 6.19 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.