Cinctive Capital Management LP Buys 18,504 Shares of Aptiv PLC (NYSE:APTV)

Cinctive Capital Management LP boosted its position in shares of Aptiv PLC (NYSE:APTV) by 23.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,304 shares of the auto parts company’s stock after acquiring an additional 18,504 shares during the quarter. Cinctive Capital Management LP’s holdings in Aptiv were worth $7,007,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its holdings in Aptiv by 18.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,788 shares of the auto parts company’s stock valued at $222,000 after buying an additional 440 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Aptiv by 19.7% in the first quarter. Tidal Investments LLC now owns 17,748 shares of the auto parts company’s stock worth $1,414,000 after buying an additional 2,919 shares during the period. Cetera Investment Advisers lifted its position in shares of Aptiv by 196.5% during the 1st quarter. Cetera Investment Advisers now owns 32,763 shares of the auto parts company’s stock valued at $2,610,000 after buying an additional 21,712 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Aptiv during the 1st quarter valued at approximately $383,000. Finally, Transcend Capital Advisors LLC purchased a new stake in Aptiv in the 2nd quarter worth approximately $220,000. Institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank of Canada dropped their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, November 1st. StockNews.com initiated coverage on Aptiv in a research note on Wednesday, November 27th. They issued a “hold” rating for the company. Bank of America decreased their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. TD Cowen dropped their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Oppenheimer reduced their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.29.

Aptiv Stock Up 0.0 %

Shares of APTV opened at $55.53 on Monday. The company has a market cap of $13.05 billion, a PE ratio of 6.20, a P/E/G ratio of 0.56 and a beta of 1.81. The business has a fifty day moving average of $63.69 and a 200 day moving average of $69.39. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $91.66. 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 (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $1.30 EPS. On average, sell-side analysts expect that Aptiv PLC will post 6.15 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.