Aptiv PLC $APTV Stock Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in shares of Aptiv PLC (NYSE:APTV) by 93.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,227 shares of the auto parts company’s stock after selling 16,942 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Aptiv were worth $53,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new stake in Aptiv in the second quarter valued at about $61,065,000. Swedbank AB raised its stake in shares of Aptiv by 164.1% in the first quarter. Swedbank AB now owns 1,281,837 shares of the auto parts company’s stock worth $89,011,000 after purchasing an additional 796,480 shares during the last quarter. Cooper Creek Partners Management LLC bought a new stake in shares of Aptiv in the 1st quarter worth $48,166,000. First Trust Advisors LP grew its holdings in shares of Aptiv by 23.1% in the first quarter. First Trust Advisors LP now owns 2,394,019 shares of the auto parts company’s stock valued at $166,241,000 after acquiring an additional 449,145 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Aptiv in the second quarter worth about $27,364,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on APTV shares. JPMorgan Chase & Co. lowered shares of Aptiv from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $65.00 to $56.00 in a research report on Tuesday, September 15th. UBS Group decreased their price objective on Aptiv from $62.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Barclays cut their price target on shares of Aptiv from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft lowered shares of Aptiv from a “buy” rating to a “hold” rating and set a $56.00 price target on the stock. in a research report on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.60.

Aptiv Trading Up 0.6%

NYSE APTV opened at $44.18 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.33 and a current ratio of 2.02. Aptiv PLC has a one year low of $41.88 and a one year high of $88.93. The firm’s fifty day moving average is $44.55 and its two-hundred day moving average is $59.76. The firm has a market cap of $9.17 billion, a PE ratio of 5.98, a P/E/G ratio of 0.86 and a beta of 1.48.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Tuesday, August 4th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.21. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Aptiv had a net margin of 1.17% and a return on equity of 17.10%. Aptiv’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.12 EPS. Analysts expect that Aptiv PLC will post 5.68 earnings per share for the current year.

About Aptiv

Aptiv PLC (NYSE: APTV) is a global automotive technology company that develops systems and software intended to make vehicles safer, more connected and increasingly automated. Its solutions are used by automakers in passenger vehicles and commercial vehicles worldwide.

The company’s product portfolio includes advanced driver-assistance and active-safety systems, vehicle computing platforms, infotainment and connectivity technologies, automated-driving solutions, and electrical and electronic distribution systems.