Compagnie Lombard Odier SCmA Sells 34,059 Shares of Aptiv PLC (NYSE:APTV)

Compagnie Lombard Odier SCmA lowered its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 10.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 299,277 shares of the auto parts company's stock after selling 34,059 shares during the period. Compagnie Lombard Odier SCmA owned about 0.13% of Aptiv worth $17,807,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA raised its holdings in Aptiv by 11.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock valued at $864,206,000 after buying an additional 1,517,104 shares during the last quarter. FMR LLC raised its stake in Aptiv by 1.7% during the 4th quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock worth $470,247,000 after buying an additional 126,882 shares during the period. Franklin Resources Inc. increased its holdings in shares of Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock valued at $371,767,000 after acquiring an additional 1,408,433 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Aptiv by 6.1% during the fourth quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock valued at $234,799,000 after acquiring an additional 223,831 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Aptiv by 19.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock worth $172,117,000 after purchasing an additional 468,069 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. TD Cowen started coverage on Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 price target for the company. Wall Street Zen began coverage on Aptiv in a research note on Thursday, May 22nd. They set a "hold" rating for the company. Wells Fargo & Company lifted their price objective on Aptiv from $75.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Royal Bank of Canada lifted their price objective on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Guggenheim downgraded Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Aptiv has a consensus rating of "Moderate Buy" and a consensus target price of $82.50.

Aptiv Stock Down 3.7%

APTV stock traded down $2.55 during midday trading on Friday, hitting $67.13. The company's stock had a trading volume of 2,103,225 shares, compared to its average volume of 3,481,647. The firm's 50-day moving average is $61.06 and its 200-day moving average is $61.27. The company has a market cap of $14.62 billion, a PE ratio of 9.76, a P/E/G ratio of 0.62 and a beta of 1.47. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 12 month low of $47.19 and a 12 month 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 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the business posted $1.16 EPS. Aptiv's revenue was down 1.6% on a year-over-year basis. On average, equities research analysts forecast 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.