Aptiv PLC (NYSE:APTV) Shares Sold by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC reduced its holdings in shares of Aptiv PLC (NYSE:APTV) by 48.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,128 shares of the auto parts company’s stock after selling 5,683 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Aptiv were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. lifted its stake in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares during the period. Wolff Wiese Magana LLC increased its stake 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 valued at $36,000 after acquiring an additional 155 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Aptiv in the 3rd quarter worth $43,000. Brooklyn Investment Group purchased a new stake in Aptiv during the third quarter valued at about $43,000. Finally, Mather Group LLC. increased its stake in Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after acquiring an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on APTV shares. JPMorgan Chase & Co. raised their target price on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company cut their target price on Aptiv from $74.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Morgan Stanley dropped their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Royal Bank of Canada reduced their price objective on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. 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 stock. According to MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.29.

Aptiv Stock Performance

Aptiv stock traded up $1.22 during midday trading on Monday, reaching $60.57. 3,621,420 shares of the stock traded hands, compared to its average volume of 3,108,546. The firm has a fifty day moving average price of $57.28 and a two-hundred day moving average price of $65.27. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $88.89. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 0.59 and a beta of 1.78. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last issued its quarterly earnings data 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. 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 business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 EPS. On average, equities research analysts forecast that Aptiv PLC will post 6.15 earnings per share for the current year.

About Aptiv

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.