Amalgamated Bank cut its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 28.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,565 shares of the auto parts company's stock after selling 21,396 shares during the period. Amalgamated Bank's holdings in Aptiv were worth $3,785,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in APTV. Independence Bank of Kentucky acquired a new stake in Aptiv during the 2nd quarter valued at approximately $25,000. Crewe Advisors LLC lifted its holdings in Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock valued at $31,000 after buying an additional 215 shares during the period. Clearstead Trust LLC boosted its position in Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company's stock valued at $32,000 after acquiring an additional 305 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock worth $36,000 after acquiring an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Aptiv in the 2nd quarter worth about $38,000. 94.21% of the stock is owned by institutional investors.
Several brokerages recently commented on APTV. Wolfe Research started coverage on Aptiv in a research report on Thursday, September 5th. They set an "outperform" rating and a $89.00 target price on the stock. Royal Bank of Canada cut their price target on Aptiv from $82.00 to $72.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Bank of America lowered their price objective on shares of Aptiv from $105.00 to $102.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Oppenheimer dropped their target price on shares of Aptiv from $147.00 to $83.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, Evercore ISI reduced their price target on shares of Aptiv from $125.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $87.00.
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Aptiv stock opened at $56.26 on Friday. Aptiv PLC has a fifty-two week low of $52.81 and a fifty-two week high of $91.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The firm's 50-day simple moving average is $68.01 and its 200 day simple moving average is $71.90. The stock has a market cap of $13.22 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 0.52 and a beta of 1.81.
Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company's revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 EPS. Research analysts predict that Aptiv PLC will post 6.19 EPS for the current fiscal year.
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.
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