Aptiv PLC (NYSE:APTV) Shares Sold by Impax Asset Management Group plc

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

A number of other institutional investors have also added to or reduced their stakes in the stock. Picton Mahoney Asset Management bought a new stake in Aptiv in the fourth quarter worth $37,000. Mather Group LLC. raised its holdings in Aptiv by 155.2% in the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after purchasing an additional 385 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Aptiv by 201.7% during the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after acquiring an additional 470 shares during the last quarter. UMB Bank n.a. purchased a new stake in shares of Aptiv during the first quarter worth about $48,000. Finally, Blue Trust Inc. grew its stake in shares of Aptiv by 48.4% during the first quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock worth $74,000 after acquiring an additional 406 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Performance

NYSE APTV traded down $0.65 on Tuesday, reaching $71.38. The stock had a trading volume of 2,888,976 shares, compared to its average volume of 3,389,883. 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 PLC has a 12-month low of $47.19 and a 12-month high of $80.95. The business's 50-day moving average price is $66.77 and its 200 day moving average price is $62.74. The stock has a market cap of $15.54 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 0.80 and a beta of 1.46.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results 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 17.24% and a net margin of 7.93%. The business had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. The company's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. 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 report on Monday, May 5th. Piper Sandler set a $70.00 price target on shares of Aptiv and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Wolfe Research cut shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. UBS Group lifted their target price on shares of Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Bank of America lifted their price target on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 16th. One equities 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $81.61.

Aptiv 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.