Aptiv PLC (NYSE:APTV) Stock Holdings Cut by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lessened its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 91,068 shares of the auto parts company's stock after selling 9,390 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Aptiv were worth $5,774,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of APTV. Y Intercept Hong Kong Ltd raised its position in Aptiv by 55.1% during the first quarter. Y Intercept Hong Kong Ltd now owns 17,295 shares of the auto parts company's stock valued at $1,029,000 after acquiring an additional 6,145 shares in the last quarter. Choreo LLC raised its position in Aptiv by 40.4% during the first quarter. Choreo LLC now owns 11,213 shares of the auto parts company's stock valued at $667,000 after acquiring an additional 3,227 shares in the last quarter. Allianz Asset Management GmbH raised its position in Aptiv by 84.2% during the first quarter. Allianz Asset Management GmbH now owns 25,379 shares of the auto parts company's stock valued at $1,510,000 after acquiring an additional 11,600 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Aptiv by 22.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 173,588 shares of the auto parts company's stock valued at $10,329,000 after acquiring an additional 31,800 shares in the last quarter. Finally, AustralianSuper Pty Ltd purchased a new stake in shares of Aptiv in the first quarter valued at approximately $117,260,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on APTV. Wolfe Research cut Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded Aptiv to a "hold" rating in a research report on Saturday, June 21st. Bank of America boosted their price target on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Wells Fargo & Company upped their target price on Aptiv from $85.00 to $86.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Piper Sandler set a $70.00 price target on Aptiv and gave the company a "neutral" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Aptiv has a consensus rating of "Moderate Buy" and a consensus target price of $81.63.

Aptiv Stock Up 0.7%

NYSE APTV traded up $0.47 on Friday, hitting $70.93. 1,801,988 shares of the stock traded hands, compared to its average volume of 3,022,609. The stock has a 50-day moving average of $68.67 and a 200 day moving average of $63.53. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $80.95. The company has a market capitalization of $15.44 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 0.79 and a beta of 1.46. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83.

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 (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. Aptiv's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 earnings per share. As a group, analysts expect that Aptiv PLC will post 7.2 earnings per share 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.