Gilman Hill Asset Management LLC Boosts Holdings in Aptiv PLC (NYSE:APTV)

Gilman Hill Asset Management LLC raised its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 60.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 73,520 shares of the auto parts company's stock after purchasing an additional 27,645 shares during the period. Gilman Hill Asset Management LLC's holdings in Aptiv were worth $4,374,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Aptiv in the 4th quarter worth approximately $106,492,000. Pictet Asset Management Holding SA grew its position in shares of Aptiv by 1,018.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $102,262,000 after buying an additional 1,539,724 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of 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 worth $864,206,000 after buying an additional 1,517,104 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after buying an additional 1,408,433 shares during the last quarter. Finally, Paloma Partners Management Co grew its position in shares of Aptiv by 968.7% in the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock worth $55,007,000 after buying an additional 824,400 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Stock Performance

NYSE APTV traded up $1.21 on Friday, hitting $66.69. 1,430,254 shares of the company's stock traded hands, compared to its average volume of 3,497,189. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The firm's 50-day moving average price is $59.58 and its two-hundred day moving average price is $60.88. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $81.42. The firm has a market capitalization of $14.52 billion, a PE ratio of 9.69, a P/E/G ratio of 0.62 and a beta of 1.47.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results 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. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the previous year, the business posted $1.16 EPS. The business's revenue was down 1.6% compared to the same quarter last year. As a group, analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

APTV has been the topic of a number of analyst reports. Morgan Stanley cut their price objective on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. TD Cowen began coverage on shares of Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 target price on the stock. Royal Bank of Canada boosted their target price on shares of Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Robert W. Baird dropped their target price on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $82.50.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.45% of the company's stock.

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.