Gilman Hill Asset Management LLC decreased its stake in shares of Aptiv PLC (NYSE:APTV) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,593 shares of the auto parts company’s stock after selling 1,105 shares during the period. Gilman Hill Asset Management LLC’s holdings in Aptiv were worth $1,063,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of APTV. Arden Trust Co increased its position in shares of Aptiv by 14.4% in the third quarter. Arden Trust Co now owns 5,316 shares of the auto parts company’s stock worth $487,000 after acquiring an additional 670 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Aptiv in the third quarter worth $210,000. Raymond James Trust N.A. increased its position in shares of Aptiv by 10.6% in the third quarter. Raymond James Trust N.A. now owns 4,470 shares of the auto parts company’s stock worth $410,000 after acquiring an additional 428 shares in the last quarter. Winfield Associates Inc. increased its position in shares of Aptiv by 10.7% in the third quarter. Winfield Associates Inc. now owns 12,460 shares of the auto parts company’s stock worth $1,142,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Nachman Norwood & Parrott Inc acquired a new stake in shares of Aptiv in the third quarter worth $25,000. 94.68% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on APTV. KeyCorp increased their price objective on shares of Aptiv from $90.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 6th. Jefferies Financial Group raised their price target on shares of Aptiv from $96.00 to $113.00 and gave the company a “buy” rating in a report on Thursday. Credit Suisse Group raised their price target on shares of Aptiv from $88.00 to $91.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. Berenberg Bank assumed coverage on shares of Aptiv in a report on Tuesday, October 6th. They set a “buy” rating and a $115.00 price target for the company. Finally, ValuEngine raised shares of Aptiv from a “hold” rating to a “buy” rating in a report on Monday, October 12th. Four investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $97.74.
In other news, SVP David M. Sherbin sold 11,000 shares of the firm’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $90.00, for a total value of $990,000.00. Following the transaction, the senior vice president now directly owns 87,920 shares in the company, valued at approximately $7,912,800. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.55% of the company’s stock.
Aptiv stock opened at $98.20 on Friday. The firm’s 50-day moving average is $89.45 and its 200-day moving average is $77.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.47 and a current ratio of 1.89. Aptiv PLC has a 1 year low of $29.22 and a 1 year high of $100.82. The company has a market cap of $26.52 billion, a P/E ratio of 14.95, a PEG ratio of 7.34 and a beta of 2.23.
Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, July 30th. The auto parts company reported ($1.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.43) by $0.33. Aptiv had a net margin of 13.63% and a return on equity of 10.10%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.97 billion. As a group, sell-side analysts predict that Aptiv PLC will post 1.22 earnings per share for the current year.
Aptiv Company Profile
Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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