Exchange Traded Concepts LLC Sells 32,588 Shares of Aptiv PLC (NYSE:APTV)

Exchange Traded Concepts LLC decreased its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 16.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 168,336 shares of the auto parts company's stock after selling 32,588 shares during the quarter. Exchange Traded Concepts LLC owned about 0.07% of Aptiv worth $10,016,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after acquiring an additional 1,517,104 shares in the last quarter. FMR LLC increased its holdings in Aptiv by 1.7% during the fourth 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 last quarter. Franklin Resources Inc. raised its position in Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $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 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock worth $234,799,000 after acquiring an additional 223,831 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Aptiv by 25.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock worth $168,619,000 after acquiring an additional 552,066 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Analysts Set New Price Targets

APTV has been the topic of several analyst reports. Barclays increased their price target on shares of Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Morgan Stanley cut their target price on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Wall Street Zen initiated coverage on Aptiv in a report on Thursday, May 22nd. They issued a "hold" rating on the stock. Bank of America upped their target price on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Monday. Finally, Royal Bank of Canada lifted their price target on Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Aptiv presently has an average rating of "Moderate Buy" and an average target price of $81.56.

Aptiv Price Performance

Shares of APTV traded up $1.88 during midday trading on Monday, hitting $69.13. 2,158,383 shares of the company traded hands, compared to its average volume of 3,478,821. The stock has a 50-day moving average of $61.06 and a 200-day moving average of $61.35. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv PLC has a one year low of $47.19 and a one year high of $80.95. The firm has a market cap of $15.05 billion, a P/E ratio of 10.05, a PEG ratio of 0.62 and a beta of 1.47.

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. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter last year, the company posted $1.16 EPS. The business's quarterly revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts predict that Aptiv PLC will post 7.2 EPS 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.