GAMMA Investing LLC Sells 492 Shares of Aptiv PLC (NYSE:APTV)

GAMMA Investing LLC decreased its holdings in shares of Aptiv PLC (NYSE:APTVFree Report) by 44.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 614 shares of the auto parts company’s stock after selling 492 shares during the period. GAMMA Investing LLC’s holdings in Aptiv were worth $37,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in shares of Aptiv in the 2nd quarter worth about $937,000. Federated Hermes Inc. increased its stake in shares of Aptiv by 12.5% in the second quarter. Federated Hermes Inc. now owns 64,733 shares of the auto parts company’s stock worth $4,558,000 after purchasing an additional 7,188 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Aptiv by 13.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 42,128 shares of the auto parts company’s stock worth $2,967,000 after acquiring an additional 4,970 shares in the last quarter. Edgestream Partners L.P. boosted its stake in Aptiv by 201.3% in the 2nd quarter. Edgestream Partners L.P. now owns 9,535 shares of the auto parts company’s stock worth $671,000 after purchasing an additional 6,370 shares during the period. Finally, Meiji Yasuda Life Insurance Co increased its holdings in Aptiv by 2.6% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 18,627 shares of the auto parts company’s stock worth $1,312,000 after acquiring an additional 469 shares during the period. Institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

APTV has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada lowered their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Oppenheimer decreased their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Finally, Barclays reduced their price objective on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.29.

Get Our Latest Analysis on APTV

Aptiv Stock Up 1.3 %

APTV stock opened at $61.41 on Wednesday. The stock has a market cap of $14.43 billion, a P/E ratio of 6.85, a PEG ratio of 0.59 and a beta of 1.78. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $88.89. The business’s 50-day moving average price is $57.49 and its 200-day moving average price is $65.15. 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:APTVGet Free Report) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion during 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 firm’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 company posted $1.30 EPS. On average, equities research analysts forecast that Aptiv PLC will post 6.15 EPS for the current year.

Aptiv Profile

(Free Report)

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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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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