Aptiv PLC (NYSE:APTV) Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA decreased its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 47.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,385 shares of the auto parts company's stock after selling 54,540 shares during the quarter. Banque Pictet & Cie SA's holdings in Aptiv were worth $3,652,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Picton Mahoney Asset Management purchased a new stake in shares of Aptiv during the 4th quarter valued at about $37,000. Mather Group LLC. increased its position in shares of Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after purchasing an additional 385 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Aptiv by 201.7% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 470 shares during the last quarter. UMB Bank n.a. purchased a new stake in shares of Aptiv during the 1st quarter valued at about $48,000. Finally, Blue Trust Inc. increased its position in shares of Aptiv by 48.4% during the 1st quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock valued at $74,000 after purchasing an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

Shares of Aptiv stock traded down $0.33 during trading hours on Thursday, reaching $70.59. 2,978,688 shares of the company's stock were exchanged, compared to its average volume of 3,388,913. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $80.95. The company has a market capitalization of $15.37 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 0.80 and a beta of 1.46. The business has a fifty day moving average of $67.05 and a two-hundred day moving average of $62.79. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The business had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the firm earned $1.16 earnings per share. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Robert W. Baird cut their price objective on Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Guggenheim downgraded Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. Barclays boosted their price objective on Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company boosted their price objective on Aptiv from $85.00 to $86.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $81.61.

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.