First National Trust Co Trims Stock Holdings in Aptiv PLC (NYSE:APTV)

First National Trust Co lowered its position in Aptiv PLC (NYSE:APTV) by 73.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,783 shares of the auto parts company’s stock after selling 21,818 shares during the period. First National Trust Co’s holdings in Aptiv were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Aptiv during the fourth quarter worth approximately $6,597,000. HighTower Advisors LLC raised its position in Aptiv by 4.1% in the fourth quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company’s stock worth $887,000 after acquiring an additional 577 shares in the last quarter. Marathon Trading Investment Management LLC purchased a new position in Aptiv in the fourth quarter worth $1,289,000. Personal CFO Solutions LLC purchased a new position in Aptiv in the fourth quarter worth $677,000. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in Aptiv in the fourth quarter worth $204,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Friday, February 7th. Guggenheim restated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a research report on Thursday, December 5th. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and raised their price target for the company from $63.00 to $77.00 in a research report on Tuesday, February 4th. Royal Bank of Canada raised their price target on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Oppenheimer lifted their price objective on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Aptiv Stock Up 1.8 %

Shares of NYSE:APTV opened at $63.28 on Friday. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.62 and a beta of 1.78. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $85.56. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The stock’s 50-day moving average price is $63.64 and its two-hundred day moving average price is $63.48.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, research analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.34% of the company’s stock.

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.