Carr Financial Group Corp Sells 2,300 Shares of Aptiv PLC (NYSE:APTV)

Carr Financial Group Corp cut its holdings in shares of Aptiv PLC (NYSE:APTV) by 37.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,922 shares of the auto parts company’s stock after selling 2,300 shares during the quarter. Carr Financial Group Corp’s holdings in Aptiv were worth $282,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after acquiring an additional 1,764,844 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after purchasing an additional 905,431 shares during the last quarter. Capital World Investors acquired a new position in shares of Aptiv during the 1st quarter worth approximately $343,760,000. Clearbridge Investments LLC raised 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 in the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new stake in shares of Aptiv in the 1st quarter valued at approximately $335,426,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Price Performance

Shares of NYSE:APTV opened at $56.25 on Friday. Aptiv PLC has a twelve month low of $52.81 and a twelve month high of $91.66. The stock’s 50 day moving average is $68.01 and its 200-day moving average is $71.90. 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 firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 0.48 and a beta of 1.81.

Aptiv (NYSE:APTV) last released its quarterly earnings data 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 firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 earnings per share. Sell-side analysts forecast that Aptiv PLC will post 6.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on APTV. Morgan Stanley lowered their target price on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating on the stock in a report on Wednesday, September 25th. Oppenheimer lowered their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. StockNews.com assumed coverage on shares of Aptiv in a report on Sunday, November 3rd. They issued a “hold” rating on the stock. Nomura Securities upgraded Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Finally, Barclays dropped their price objective on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $87.00.

Aptiv Company 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.