Tortoise Capital Advisors L.L.C. Lowers Holdings in Aptiv PLC (NYSE:APTV)

Tortoise Capital Advisors L.L.C. cut its holdings in Aptiv PLC (NYSE:APTV) by 9.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,942 shares of the auto parts company’s stock after selling 8,463 shares during the quarter. Tortoise Capital Advisors L.L.C.’s holdings in Aptiv were worth $5,418,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Aptiv by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock valued at $2,843,905,000 after buying an additional 325,550 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Aptiv by 17.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock worth $854,210,000 after purchasing an additional 1,405,569 shares during the period. Capital World Investors purchased a new position in Aptiv during the first quarter worth $343,760,000. Clearbridge Investments LLC boosted its stake in shares of Aptiv by 3.1% during the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock worth $343,728,000 after purchasing an additional 131,431 shares during the period. Finally, EdgePoint Investment Group Inc. bought a new position in shares of Aptiv during the first quarter valued at approximately $335,426,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Aptiv

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the transaction, the director now owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is owned by corporate insiders.

Aptiv Trading Down 3.5 %

Shares of Aptiv stock opened at $68.50 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. The firm has a fifty day moving average price of $69.85 and a 200 day moving average price of $74.76. Aptiv PLC has a 1 year low of $65.13 and a 1 year high of $104.72. The stock has a market cap of $18.64 billion, a PE ratio of 6.46, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter last year, the company posted $1.25 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. Equities research analysts predict that Aptiv PLC will post 6.28 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on APTV. Bank of America dropped their target price on shares of Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Citigroup cut their target price on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. UBS Group dropped their price objective on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Evercore ISI dropped their price objective on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Finally, Morgan Stanley dropped their price objective on shares of Aptiv from $75.00 to $70.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.27.

Aptiv Profile

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.