Nixon Peabody Trust Co. Purchases New Holdings in Aptiv PLC (NYSE:APTV)

Nixon Peabody Trust Co. bought a new position in Aptiv PLC (NYSE:APTV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 99,550 shares of the auto parts company's stock, valued at approximately $5,923,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Aptiv by 11.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock valued at $864,206,000 after purchasing an additional 1,517,104 shares during the last quarter. FMR LLC boosted its holdings in shares of Aptiv by 1.7% in the 4th quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock valued at $470,247,000 after purchasing an additional 126,882 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock valued at $371,767,000 after purchasing an additional 1,408,433 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Aptiv by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock valued at $234,799,000 after purchasing an additional 223,831 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Aptiv by 19.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock valued at $172,117,000 after purchasing an additional 468,069 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on APTV shares. Oppenheimer lifted their price target on shares of Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday. Evercore ISI reduced their target price on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Barclays lifted their target price on shares of Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Robert W. Baird reduced their target price on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $82.50.

Aptiv Stock Up 1.8%

Shares of Aptiv stock traded up $1.21 during trading on Friday, reaching $66.69. The company had a trading volume of 1,430,254 shares, compared to its average volume of 3,497,189. The company has a market cap of $14.52 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 0.62 and a beta of 1.47. The firm's fifty day moving average is $59.58 and its 200-day moving average is $60.77. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $81.42.

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

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.