Cornercap Investment Counsel Inc. Has $1.18 Million Position in Aptiv PLC (NYSE:APTV)

by · The Cerbat Gem

Cornercap Investment Counsel Inc. decreased its holdings in shares of Aptiv PLC (NYSE:APTV – Free Report) by 34.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,401 shares of the auto parts company’s stock after selling 8,435 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Aptiv were worth $1,181,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. M&G Plc acquired a new position in shares of Aptiv in the 1st quarter valued at $8,337,000. Swedbank AB bought a new position in shares of Aptiv during the 2nd quarter valued at about $25,018,000. Virtu Financial LLC acquired a new position in shares of Aptiv in the 1st quarter valued at approximately $605,000. Parkside Investments LLC increased its stake in Aptiv by 64.4% during the 2nd quarter. Parkside Investments LLC now owns 101,325 shares of the auto parts company’s stock worth $7,135,000 after purchasing an additional 39,685 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Aptiv by 8.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,750,233 shares of the auto parts company’s stock valued at $139,407,000 after buying an additional 131,148 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Trading Down 3.7 %

Shares of Aptiv stock opened at $54.04 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The stock has a market cap of $12.70 billion, a PE ratio of 6.03, a PEG ratio of 0.50 and a beta of 1.81. Aptiv PLC has a 52-week low of $52.81 and a 52-week high of $91.66. The firm has a 50-day moving average of $67.15 and a 200-day moving average of $71.60.

Aptiv (NYSE:APTV – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.30 EPS. As a group, sell-side analysts forecast that Aptiv PLC will post 6.18 EPS for the current year.

Analyst Upgrades and Downgrades

APTV has been the topic of a number of research analyst reports. Robert W. Baird dropped their price objective on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Wolfe Research assumed coverage on Aptiv in a report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price target on the stock. TD Cowen decreased their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Royal Bank of Canada cut their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average price target of $86.53.

View Our Latest Stock Report on APTV

Aptiv Company Profile

(Free Report)

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.

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