Janney Montgomery Scott LLC boosted its holdings in shares of Aptiv PLC (NYSE:APTV) by 7.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,986 shares of the auto parts company’s stock after purchasing an additional 1,220 shares during the period. Janney Montgomery Scott LLC’s holdings in Aptiv were worth $1,649,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nachman Norwood & Parrott Inc purchased a new position in Aptiv during the 3rd quarter worth $25,000. CX Institutional increased its holdings in shares of Aptiv by 81.9% in the 3rd quarter. CX Institutional now owns 291 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 131 shares in the last quarter. RMR Wealth Builders acquired a new stake in shares of Aptiv during the 2nd quarter valued at approximately $36,000. Meeder Asset Management Inc. raised its holdings in Aptiv by 26.8% during the third quarter. Meeder Asset Management Inc. now owns 662 shares of the auto parts company’s stock worth $61,000 after purchasing an additional 140 shares during the last quarter. Finally, Prospera Financial Services Inc acquired a new position in shares of Aptiv during the 3rd quarter worth $61,000. 91.57% of the stock is currently owned by hedge funds and other institutional investors.
In other Aptiv news, SVP David M. Sherbin sold 11,000 shares of the firm’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $90.00, for a total transaction of $990,000.00. Following the transaction, the senior vice president now directly owns 87,920 shares in the company, valued at $7,912,800. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Joseph R. Massaro sold 4,317 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $96.91, for a total value of $418,360.47. Following the transaction, the chief financial officer now owns 150,736 shares in the company, valued at $14,607,825.76. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.
Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 29th. The auto parts company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.34. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.31 billion. Aptiv had a return on equity of 8.42% and a net margin of 13.94%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $1.27 EPS. Sell-side analysts predict that Aptiv PLC will post 1.74 EPS for the current fiscal year.
A number of equities research analysts have commented on APTV shares. Bank of America cut Aptiv from a “buy” rating to an “underperform” rating in a report on Tuesday, November 17th. Evercore ISI raised shares of Aptiv from an “in-line” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Tuesday, September 8th. Barclays raised their price objective on Aptiv from $90.00 to $112.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Morgan Stanley upped their target price on Aptiv from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. Finally, Robert W. Baird assumed coverage on shares of Aptiv in a research note on Monday, October 19th. They set an “outperform” rating and a $117.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $102.72.
Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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