Invesco Ltd. Sells 559,609 Shares of Aptiv PLC (NYSE:APTV)

Invesco Ltd. reduced its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 14.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,379,967 shares of the auto parts company's stock after selling 559,609 shares during the period. Invesco Ltd. owned about 1.55% of Aptiv worth $201,108,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Middleton & Co. Inc. MA increased its holdings in Aptiv by 63.1% during the 1st quarter. Middleton & Co. Inc. MA now owns 33,668 shares of the auto parts company's stock worth $2,003,000 after purchasing an additional 13,026 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Aptiv by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock worth $16,826,000 after purchasing an additional 9,552 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Aptiv by 89.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company's stock worth $1,333,000 after purchasing an additional 10,585 shares in the last quarter. GAMMA Investing LLC increased its holdings in Aptiv by 348.2% during the 1st quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company's stock worth $164,000 after purchasing an additional 2,138 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Aptiv by 5.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 303,652 shares of the auto parts company's stock worth $18,067,000 after purchasing an additional 15,849 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

APTV stock traded down $0.16 during midday trading on Friday, reaching $74.13. 1,896,279 shares of the company's stock traded hands, compared to its average volume of 2,876,375. The company has a 50-day moving average price of $69.24 and a two-hundred day moving average price of $64.29. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $75.41. The firm has a market capitalization of $16.14 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 0.83 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. During the same quarter in the previous year, the firm posted $1.58 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on APTV. Bank of America boosted their target price on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Guggenheim downgraded Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Robert W. Baird set a $82.00 target price on Aptiv and gave the stock an "outperform" rating in a research note on Friday, July 11th. Finally, UBS Group boosted their target price on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.81.

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.