Cambridge Investment Research Advisors Inc. Trims Stock Position in Aptiv PLC (NYSE:APTV)

Cambridge Investment Research Advisors Inc. trimmed its stake in Aptiv PLC (NYSE:APTV - Free Report) by 71.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,501 shares of the auto parts company's stock after selling 8,788 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Aptiv were worth $208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Aptiv during the first quarter worth about $406,000. Kentucky Retirement Systems purchased a new position in Aptiv during the 1st quarter worth approximately $953,000. GAM Holding AG acquired a new position in Aptiv during the first quarter worth approximately $669,000. Advisor Resource Council purchased a new stake in Aptiv in the first quarter valued at approximately $213,000. Finally, OLD Second National Bank of Aurora boosted its holdings 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 valued at $1,461,000 after acquiring an additional 239 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APTV has been the subject of a number of recent research reports. Piper Sandler set a $70.00 price target on shares of Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Wells Fargo & Company increased their price target on shares of Aptiv from $85.00 to $86.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. UBS Group lifted their price objective on Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a report on Monday. Robert W. Baird increased their target price on Aptiv from $80.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Bank of America lifted their price target on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.38.

Aptiv Price Performance

APTV stock traded up $1.22 on Monday, reaching $70.50. The company had a trading volume of 2,520,647 shares, compared to its average volume of 3,097,986. The company's fifty day moving average is $67.53 and its 200 day moving average is $62.98. The company has a market cap of $15.35 billion, a P/E ratio of 11.67, a PEG ratio of 0.77 and a beta of 1.46. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $80.95.

Aptiv (NYSE:APTV - Get Free Report) last issued 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 business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The business's revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.16 earnings per share. On average, research 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.