Bank of New York Mellon Corp Has $85.35 Million Stake in Aptiv PLC (NYSE:APTV)

Bank of New York Mellon Corp lowered its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,434,429 shares of the auto parts company's stock after selling 35,658 shares during the period. Bank of New York Mellon Corp owned approximately 0.63% of Aptiv worth $85,349,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in APTV. Covestor Ltd raised its stake in shares of Aptiv by 11.4% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after buying an additional 186 shares in the last quarter. Horizon Investments LLC raised its position in shares of Aptiv by 6.1% during the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock worth $231,000 after purchasing an additional 219 shares during the period. OLD Second National Bank of Aurora raised its position in shares of Aptiv by 1.0% during 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 purchasing an additional 239 shares during the period. ProShare Advisors LLC raised its position in shares of Aptiv by 0.5% during the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock worth $3,128,000 after purchasing an additional 248 shares during the period. Finally, Westpac Banking Corp raised its position in shares of Aptiv by 21.9% during the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock worth $115,000 after purchasing an additional 341 shares during the period. Institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

APTV stock traded up $1.22 during trading on Monday, hitting $70.50. 2,520,566 shares of the stock traded hands, compared to its average volume of 3,093,592. The stock has a market cap of $15.35 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 0.77 and a beta of 1.46. The company has a 50 day simple moving average of $67.53 and a 200 day simple moving average of $62.98. 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 PLC has a one year low of $47.19 and a one year high of $80.95.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. The firm 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%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.16 EPS. Equities analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on APTV shares. Wall Street Zen upgraded Aptiv to a "hold" rating in a report on Saturday, June 21st. Bank of America lifted their price target on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a report on Monday, June 16th. Royal Bank Of Canada upped their target price on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. UBS Group upped their target price on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, Wells Fargo & Company upped their target price on Aptiv from $85.00 to $86.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Aptiv presently has an average rating of "Moderate Buy" and a consensus price target of $80.38.

Aptiv Company 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.