Aptiv PLC (NYSE:APTV) Shares Acquired by WASHINGTON TRUST Co

WASHINGTON TRUST Co lifted its position in Aptiv PLC (NYSE:APTV - Free Report) by 33,847.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,462 shares of the auto parts company's stock after acquiring an additional 154,007 shares during the quarter. WASHINGTON TRUST Co owned 0.07% of Aptiv worth $9,190,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in APTV. Norges Bank purchased a new stake in Aptiv in the fourth quarter worth $106,492,000. Pictet Asset Management Holding SA grew its holdings in shares of Aptiv by 1,018.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $102,262,000 after purchasing an additional 1,539,724 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in 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 worth $864,206,000 after buying an additional 1,517,104 shares during the period. Franklin Resources Inc. lifted its holdings in Aptiv by 29.7% during 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 buying an additional 1,408,433 shares in the last quarter. Finally, Paloma Partners Management Co boosted its position in Aptiv by 968.7% in the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock valued at $55,007,000 after buying an additional 824,400 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on APTV. Piper Sandler set a $70.00 target price on shares of Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Wall Street Zen upgraded Aptiv to a "hold" rating in a report on Saturday, June 21st. UBS Group upped their target price on Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Bank of America raised their price target on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Finally, Morgan Stanley lowered their price objective on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.61.

Aptiv Stock Up 0.3%

NYSE APTV traded up $0.23 during trading on Thursday, hitting $72.42. The company's stock had a trading volume of 1,048,551 shares, compared to its average volume of 3,382,727. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $80.95. The company has a market cap of $15.77 billion, a PE ratio of 11.99, a P/E/G ratio of 0.80 and a beta of 1.46. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.61 and a quick ratio of 1.11. The business's 50 day simple moving average is $65.51 and its 200-day simple moving average is $62.31.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS 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 analysts' expectations of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. Aptiv's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the business earned $1.16 EPS. On average, equities analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

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.