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

Victory Capital Management Inc. lessened its position in shares of Aptiv PLC (NYSE:APTV) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,658,423 shares of the auto parts company’s stock after selling 224,421 shares during the period. Victory Capital Management Inc.’s holdings in Aptiv were worth $263,443,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Independence Bank of Kentucky acquired a new position in Aptiv during the 2nd quarter worth approximately $25,000. Crewe Advisors LLC boosted its holdings in Aptiv by 94.7% in the second 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 lifted its position in shares of Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after buying an additional 305 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in Aptiv in the second quarter valued at approximately $38,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APTV has been the topic of a number of research reports. JPMorgan Chase & Co. boosted 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. Royal Bank of Canada reduced their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Oppenheimer cut their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Wolfe Research started coverage on Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Aptiv Stock Performance

Shares of NYSE APTV traded up $0.36 during trading hours on Tuesday, reaching $56.29. 1,706,501 shares of the stock were exchanged, compared to its average volume of 3,088,731. The stock’s fifty day simple moving average is $67.69 and its 200 day simple moving average is $71.81. The firm has a market capitalization of $13.23 billion, a price-to-earnings ratio of 6.35, a P/E/G ratio of 0.50 and a beta of 1.81. Aptiv PLC has a 52 week low of $52.81 and a 52 week 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.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS. Sell-side analysts predict that Aptiv PLC will post 6.18 EPS for the current year.

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.