Aptiv PLC (NYSE:APTV) Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in Aptiv PLC by 36.1%, selling 68,531 shares, and now owns 121,533 shares worth approximately $7.23 million.
• Several institutional investors increased their stakes in Aptiv, with GAMMA Investing LLC making the largest jump at 348.2% in the first quarter.
• Analysts have raised their price targets for Aptiv, with estimates now ranging from $85.00 to $92.00, reflecting confidence in the company's performance and potential growth.

US Bancorp DE lessened its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 36.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,533 shares of the auto parts company's stock after selling 68,531 shares during the period. US Bancorp DE owned about 0.06% of Aptiv worth $7,231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd boosted its stake in shares of Aptiv by 11.4% during the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after purchasing an additional 186 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of Aptiv by 5.4% during the first quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company's stock valued at $234,000 after purchasing an additional 201 shares in the last quarter. OLD Second National Bank of Aurora lifted its stake in shares of Aptiv by 1.0% in the first quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company's stock worth $1,461,000 after acquiring an additional 239 shares during the period. ProShare Advisors LLC lifted its stake in shares of Aptiv by 0.5% in the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock worth $3,128,000 after acquiring an additional 248 shares during the period. Finally, Rafferty Asset Management LLC lifted its stake in shares of Aptiv by 1.3% in the fourth quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company's stock worth $1,552,000 after acquiring an additional 341 shares during the period. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Performance

APTV traded up $1.07 during trading on Friday, reaching $66.87. The company's stock had a trading volume of 667,280 shares, compared to its average volume of 3,032,234. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $75.41. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48. The company's fifty day moving average price is $68.61 and its 200-day moving average price is $63.95.

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

Analyst Ratings Changes

APTV has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed an "outperform" rating and issued a $88.00 price objective (up from $84.00) on shares of Aptiv in a research note on Monday. Barclays lifted their target price on Aptiv from $65.00 to $85.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Wall Street Zen raised Aptiv to a "hold" rating in a research report on Saturday, June 21st. JPMorgan Chase & Co. upped their price target on Aptiv from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Morgan Stanley reduced their price objective on Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $81.50.

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.