Aptiv PLC (NYSE:APTV) Shares Sold by Applied Finance Capital Management LLC

Key Points

• Applied Finance Capital Management LLC reduced its stake in Aptiv PLC by 23.4%, selling 114,886 shares, leaving the fund with 376,110 shares.
• Analysts' ratings for Aptiv are mixed, with a consensus rating of "Moderate Buy" and a consensus target price of $81.63.
• Aptiv reported earnings of $1.69 per share for the quarter, exceeding expectations and signaling a year-over-year revenue decrease of 1.6%.

Applied Finance Capital Management LLC trimmed its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 23.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 376,110 shares of the auto parts company's stock after selling 114,886 shares during the period. Aptiv accounts for about 1.6% of Applied Finance Capital Management LLC's holdings, making the stock its 22nd largest holding. Applied Finance Capital Management LLC owned about 0.17% of Aptiv worth $22,379,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in shares of Aptiv by 4.1% in the fourth quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company's stock valued at $887,000 after acquiring an additional 577 shares during the period. LPL Financial LLC boosted its holdings in shares of Aptiv by 19.0% in the fourth quarter. LPL Financial LLC now owns 349,407 shares of the auto parts company's stock valued at $21,132,000 after acquiring an additional 55,739 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Aptiv by 8.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company's stock worth $28,700,000 after acquiring an additional 35,426 shares during the period. JPMorgan Chase & Co. raised its holdings in Aptiv by 25.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock worth $168,619,000 after purchasing an additional 552,066 shares in the last quarter. Finally, NEOS Investment Management LLC lifted its position in Aptiv by 28.5% in the fourth quarter. NEOS Investment Management LLC now owns 11,184 shares of the auto parts company's stock valued at $676,000 after purchasing an additional 2,483 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on APTV shares. Guggenheim cut Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Wolfe Research cut shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company boosted their price objective on shares of Aptiv from $85.00 to $86.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Royal Bank Of Canada lifted their price target on shares of Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Barclays upped their price target on Aptiv from $65.00 to $85.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $81.63.

Aptiv Stock Down 0.6%

Shares of APTV traded down $0.42 during midday trading on Wednesday, hitting $67.82. The company had a trading volume of 1,239,280 shares, compared to its average volume of 2,999,848. The stock has a market cap of $14.77 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 0.77 and a beta of 1.46. The company's 50 day moving average price is $68.79 and its 200 day moving average price is $63.73. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $80.95.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the company earned $1.16 earnings per share. Aptiv's quarterly revenue was down 1.6% on a year-over-year basis. On average, equities research analysts predict that Aptiv PLC will post 7.2 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.