Aptiv PLC (NYSE:APTV) Stake Reduced by KBC Group NV

KBC Group NV reduced its position in Aptiv PLC (NYSE:APTV - Free Report) by 45.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,558 shares of the auto parts company's stock after selling 36,000 shares during the period. KBC Group NV's holdings in Aptiv were worth $2,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APTV. Picton Mahoney Asset Management acquired a new position in Aptiv during the 4th quarter worth approximately $37,000. Versant Capital Management Inc lifted its position in Aptiv by 201.7% during the 1st 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 in the last quarter. UMB Bank n.a. acquired a new position in Aptiv during the 1st quarter worth approximately $48,000. Blue Trust Inc. lifted its position in Aptiv by 48.4% during the 1st 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 in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Aptiv by 164.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock worth $81,000 after acquiring an additional 848 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Performance

APTV stock traded up $0.23 during trading on Friday, hitting $72.42. 1,048,551 shares of the company's stock traded hands, compared to its average volume of 3,392,648. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $80.95. The stock has a fifty day moving average price of $66.19 and a two-hundred day moving average price of $62.55. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results 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. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

APTV has been the topic of several recent research reports. Bank of America boosted their price target on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Morgan Stanley reduced their price target on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Wells Fargo & Company upped their target price on Aptiv from $85.00 to $86.00 and gave the company an "overweight" rating in a research report on Tuesday. UBS Group upped their target price on Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Guggenheim lowered Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.