Aptiv PLC (NYSE:APTV) Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its holdings in Aptiv PLC by 13.6%, selling 191,036 shares, and now owns 1,208,708 shares valued at approximately $71.9 million.
• Multiple hedge funds and institutional investors have increased their stakes in Aptiv, with GAMMA Investing LLC raising its holdings by an impressive 348.2% during the same quarter.
• Aptiv reported $2.12 EPS for the last quarter, surpassing analysts’ expectations of $1.83, while its revenue of $5.21 billion also exceeded estimates.

Deutsche Bank AG cut its position in Aptiv PLC (NYSE:APTV - Free Report) by 13.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,208,708 shares of the auto parts company's stock after selling 191,036 shares during the period. Deutsche Bank AG owned 0.56% of Aptiv worth $71,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Middleton & Co. Inc. MA raised its position in shares of Aptiv by 63.1% in the first quarter. Middleton & Co. Inc. MA now owns 33,668 shares of the auto parts company's stock valued at $2,003,000 after buying an additional 13,026 shares during the last quarter. Principal Financial Group Inc. grew its stake in Aptiv by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock valued at $16,826,000 after acquiring an additional 9,552 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Aptiv by 89.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company's stock valued at $1,333,000 after acquiring an additional 10,585 shares in the last quarter. GAMMA Investing LLC raised its holdings in Aptiv by 348.2% in the 1st quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company's stock valued at $164,000 after acquiring an additional 2,138 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Aptiv by 5.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 303,652 shares of the auto parts company's stock worth $18,067,000 after purchasing an additional 15,849 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on APTV shares. Bank of America upped their price target on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Royal Bank Of Canada upped their target price on Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Barclays lifted their price target on Aptiv from $65.00 to $85.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Wolfe Research lowered shares of Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.50.

Aptiv Trading Up 1.6%

Shares of NYSE APTV opened at $66.85 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $14.56 billion, a PE ratio of 15.30, a PEG ratio of 0.75 and a beta of 1.48. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $75.41. The stock has a fifty day simple moving average of $68.61 and a 200-day simple moving average of $63.99.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The company had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%. Aptiv's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the business posted $1.58 EPS. On average, equities analysts forecast that Aptiv PLC will post 7.2 earnings per share 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.

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