Aptiv PLC (NYSE:APTV) Shares Sold by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. lessened its stake in Aptiv PLC (NYSE:APTV - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 162,247 shares of the auto parts company's stock after selling 4,928 shares during the quarter. Financiere des Professionnels Fonds d investissement inc. owned approximately 0.07% of Aptiv worth $9,654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in Aptiv by 11.4% during the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after purchasing an additional 186 shares during the last quarter. Horizon Investments LLC boosted its stake in Aptiv by 6.1% during the 4th 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 last quarter. OLD Second National Bank of Aurora boosted its stake in Aptiv by 1.0% during the 1st 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 last quarter. ProShare Advisors LLC boosted its stake in Aptiv by 0.5% during the 4th 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 last quarter. Finally, Westpac Banking Corp boosted its stake in Aptiv by 21.9% during the 4th 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 last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Stock Down 0.2%

Aptiv stock traded down $0.14 during mid-day trading on Tuesday, hitting $71.89. The company had a trading volume of 1,140,260 shares, compared to its average volume of 3,378,788. The stock has a market cap of $15.65 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.81 and a beta of 1.46. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $80.95. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. The business has a fifty day moving average of $66.50 and a 200 day moving average of $62.68.

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 business had revenue of $4.83 billion during 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 company's revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 earnings per share. On average, sell-side analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on APTV. Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the company a "neutral" rating in a report on Thursday, May 22nd. Barclays lifted their price target on shares of Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Wolfe Research cut shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Guggenheim cut shares of Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada upped their target price on shares of Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.61.

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.