Kornitzer Capital Management Inc. KS Sells 45,000 Shares of Aptiv PLC (NYSE:APTV)

Kornitzer Capital Management Inc. KS trimmed its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 28.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,297 shares of the auto parts company's stock after selling 45,000 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Aptiv were worth $6,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Aptiv by 3.5% in the first quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock worth $16,826,000 after acquiring an additional 9,552 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Aptiv by 89.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company's stock valued at $1,333,000 after purchasing an additional 10,585 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Aptiv by 348.2% during the first quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company's stock valued at $164,000 after buying an additional 2,138 shares during the period. Diametric Capital LP bought a new position in Aptiv in the fourth quarter worth about $972,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Aptiv by 8.1% in 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 buying an additional 35,426 shares during the period. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Performance

NYSE:APTV traded down $2.11 during mid-day trading on Friday, hitting $68.16. 2,481,029 shares of the company traded hands, compared to its average volume of 3,370,262. The firm has a market cap of $14.84 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.78 and a beta of 1.46. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. The stock's fifty day moving average price is $68.51 and its 200-day moving average price is $63.26. Aptiv PLC has a one year low of $47.19 and a one year high of $80.95.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 earnings per share. Research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on APTV. Piper Sandler set a $70.00 price objective on Aptiv and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Wolfe Research lowered shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. UBS Group upped their target price on shares of Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen raised shares of Aptiv to a "hold" rating in a research report on Saturday, June 21st. Finally, Guggenheim cut Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.63.

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.