Tower Research Capital LLC TRC Reduces Position in Aptiv PLC (NYSE:APTV)

Tower Research Capital LLC TRC cut its position in shares of Aptiv PLC (NYSE:APTV) by 88.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,525 shares of the auto parts company’s stock after selling 52,034 shares during the period. Tower Research Capital LLC TRC’s holdings in Aptiv were worth $571,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in APTV. NuWave Investment Management LLC boosted its position in Aptiv by 309.1% in the 3rd quarter. NuWave Investment Management LLC now owns 315 shares of the auto parts company’s stock valued at $27,000 after buying an additional 238 shares during the period. Cornerstone Advisors Inc. boosted its position in Aptiv by 30.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 692 shares of the auto parts company’s stock valued at $56,000 after buying an additional 162 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Aptiv in the 2nd quarter valued at about $63,000. Huntington National Bank boosted its position in Aptiv by 25.0% in the 2nd quarter. Huntington National Bank now owns 1,095 shares of the auto parts company’s stock valued at $88,000 after buying an additional 219 shares during the period. Finally, Parallel Advisors LLC boosted its position in Aptiv by 71.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,186 shares of the auto parts company’s stock valued at $104,000 after buying an additional 494 shares during the period. 95.55% of the stock is owned by hedge funds and other institutional investors.

APTV has been the subject of several research reports. Buckingham Research boosted their price objective on shares of Aptiv from $79.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of Aptiv from $93.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Credit Suisse Group restated a “buy” rating and issued a $95.00 price target on shares of Aptiv in a report on Monday, November 4th. Citigroup boosted their price target on shares of Aptiv from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of Aptiv from a “buy” rating to a “hold” rating and set a $96.00 price target for the company. in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $92.65.

In related news, CFO Joseph R. Massaro sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $89.56, for a total transaction of $250,768.00. Also, CAO Allan J. Brazier sold 4,752 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $90.00, for a total transaction of $427,680.00. Insiders own 0.40% of the company’s stock.

NYSE APTV opened at $92.31 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 1.13. The firm has a market cap of $23.55 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.78 and a beta of 2.03. The company has a 50 day moving average price of $89.13 and a 200 day moving average price of $82.14. Aptiv PLC has a 52 week low of $58.80 and a 52 week high of $97.64.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.27 EPS for the quarter, hitting the consensus estimate of $1.27. The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.61 billion. Aptiv had a net margin of 6.99% and a return on equity of 34.88%. Aptiv’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.24 EPS. On average, equities research analysts anticipate that Aptiv PLC will post 4.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.95%. Aptiv’s dividend payout ratio (DPR) is presently 16.73%.

About Aptiv

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

Recommended Story: Market Indexes

Want to see what other hedge funds are holding APTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aptiv PLC (NYSE:APTV).

Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.