Bank of America Corp DE Decreases Holdings in Aptiv PLC (NYSE:APTV)

Bank of America Corp DE decreased its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 33.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,299,199 shares of the auto parts company's stock after selling 1,139,850 shares during the quarter. Bank of America Corp DE owned approximately 0.98% of Aptiv worth $139,056,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in shares of Aptiv in the 4th quarter worth approximately $37,000. CENTRAL TRUST Co grew its holdings in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after purchasing an additional 677 shares during the last quarter. GeoWealth Management LLC boosted its stake in shares of Aptiv by 203.2% during the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock valued at $92,000 after acquiring an additional 1,022 shares during the last quarter. Quarry LP purchased a new position in shares of Aptiv during the 4th quarter worth $105,000. Finally, Covestor Ltd boosted its stake in Aptiv by 11.4% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after buying an additional 186 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Stock Performance

APTV traded down $1.67 during trading hours on Thursday, hitting $67.75. The stock had a trading volume of 1,001,752 shares, compared to its average volume of 3,501,900. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock has a market cap of $14.75 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.35. The company's fifty day simple moving average is $58.13 and its 200 day simple moving average is $59.67.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Aptiv's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. Equities analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction 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. This represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.45% of the company's stock.

Analyst Ratings Changes

APTV has been the topic of a number of research reports. Barclays raised their price objective on Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Robert W. Baird dropped their target price on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Oppenheimer raised their target price on Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Royal Bank of Canada raised their target price on Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Piper Sandler raised their target price on Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $82.06.

Aptiv 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.