Kornitzer Capital Management Inc. KS Sells 84,000 Shares of Aptiv PLC (NYSE:APTV)

Kornitzer Capital Management Inc. KS cut its position in Aptiv PLC (NYSE:APTV) by 40.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 121,472 shares of the auto parts company’s stock after selling 84,000 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Aptiv were worth $8,747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in shares of Aptiv by 36.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock worth $3,818,000 after purchasing an additional 12,835 shares during the last quarter. Duality Advisers LP acquired a new stake in shares of Aptiv in the first quarter worth $2,993,000. Envestnet Portfolio Solutions Inc. increased its position in Aptiv by 18.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 58,209 shares of the auto parts company’s stock worth $4,636,000 after acquiring an additional 9,048 shares during the period. Empowered Funds LLC raised its stake in Aptiv by 81.2% during the 1st quarter. Empowered Funds LLC now owns 5,334 shares of the auto parts company’s stock valued at $425,000 after purchasing an additional 2,390 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Aptiv in the 1st quarter valued at $477,000. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com initiated coverage on shares of Aptiv in a research note on Sunday, November 3rd. They issued a “hold” rating for the company. Wolfe Research initiated coverage on Aptiv in a report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective on the stock. Oppenheimer cut their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Barclays lowered their price target on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Royal Bank of Canada decreased their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Two 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.00.

Aptiv Stock Performance

Aptiv stock opened at $55.64 on Friday. Aptiv PLC has a 12-month low of $52.81 and a 12-month high of $91.66. The stock has a 50-day simple moving average of $68.62 and a 200 day simple moving average of $72.11. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 6.21, a P/E/G ratio of 0.52 and a beta of 1.81.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 earnings per share. On average, research analysts anticipate that Aptiv PLC will post 6.19 earnings per share for the current fiscal year.

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.