Aptiv PLC (NYSE:APTV) Stock Position Decreased by Impax Asset Management Group plc

Impax Asset Management Group plc decreased its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 30.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,314,676 shares of the auto parts company's stock after selling 1,450,336 shares during the period. Aptiv accounts for about 1.2% of Impax Asset Management Group plc's holdings, making the stock its 25th largest holding. Impax Asset Management Group plc owned about 1.44% of Aptiv worth $196,887,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Diametric Capital LP purchased a new position in Aptiv in the fourth quarter worth about $972,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Aptiv by 8.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company's stock worth $28,700,000 after buying an additional 35,426 shares during the period. Johnson Investment Counsel Inc. purchased a new stake in shares of Aptiv in the first quarter worth approximately $305,000. Sequoia Financial Advisors LLC boosted its holdings in Aptiv by 26.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,754 shares of the auto parts company's stock valued at $283,000 after acquiring an additional 1,006 shares during the period. Finally, HighTower Advisors LLC grew its position in Aptiv by 4.1% in the 4th quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company's stock valued at $887,000 after acquiring an additional 577 shares during the last quarter. Institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

APTV stock traded up $0.23 during midday trading on Friday, hitting $72.42. 1,048,551 shares of the stock were exchanged, compared to its average volume of 3,392,648. The stock's 50-day moving average price is $66.19 and its 200-day moving average price is $62.51. The stock has a market cap of $15.77 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 0.81 and a beta of 1.46. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $80.95. 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 (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating analysts' consensus estimates 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 business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 earnings per share. Research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

APTV has been the subject of several research analyst reports. Robert W. Baird lowered their target price on Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Wall Street Zen upgraded Aptiv to a "hold" rating in a research note on Saturday, June 21st. Bank of America raised their target price on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Piper Sandler set a $70.00 target price on Aptiv and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley dropped their price objective on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.