Aptiv PLC (NYSE:APTV) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its stake in Aptiv PLC (NYSE:APTV) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,508 shares of the auto parts company’s stock after selling 255 shares during the period. Commonwealth Equity Services LLC’s holdings in Aptiv were worth $2,350,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Aptiv by 1.0% in 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 purchasing an additional 325,550 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Aptiv by 17.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock valued at $854,210,000 after buying an additional 1,405,569 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of Aptiv by 7.1% in the fourth quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock valued at $651,978,000 after buying an additional 483,157 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Aptiv by 1.1% in the third quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock valued at $496,706,000 after buying an additional 53,288 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Aptiv by 11.6% in the fourth quarter. Victory Capital Management Inc. now owns 3,815,339 shares of the auto parts company’s stock valued at $342,312,000 after buying an additional 395,414 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Price Performance

APTV stock opened at $70.18 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. Aptiv PLC has a 1 year low of $65.13 and a 1 year high of $113.60. The firm has a market cap of $19.09 billion, a P/E ratio of 6.61, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79. The stock has a 50-day simple moving average of $77.51 and a 200-day simple moving average of $79.13.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. Aptiv’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 earnings per share. On average, equities analysts predict that Aptiv PLC will post 6.01 earnings per share for the current fiscal year.

Insider Activity at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of the stock in a transaction dated Wednesday, June 12th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on APTV. Piper Sandler downgraded Aptiv from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $78.00 to $63.00 in a research note on Wednesday, June 26th. Oppenheimer decreased their price target on Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Barclays decreased their price target on Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. JPMorgan Chase & Co. lifted their price target on Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Finally, StockNews.com upgraded Aptiv from a “hold” rating to a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.08.

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.