Massachusetts Financial Services Co. MA trimmed its position in Aptiv PLC (NYSE:APTV - Free Report) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,130,993 shares of the auto parts company's stock after selling 158,133 shares during the quarter. Massachusetts Financial Services Co. MA owned 6.16% of Aptiv worth $840,794,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new position in shares of Aptiv in the 4th quarter worth about $37,000. Mather Group LLC. raised its holdings in shares of Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after purchasing an additional 385 shares during the period. Versant Capital Management Inc raised its holdings in shares of Aptiv by 201.7% in the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after purchasing an additional 470 shares during the period. UMB Bank n.a. purchased a new position in shares of Aptiv in the 1st quarter worth about $48,000. Finally, Blue Trust Inc. raised its holdings in shares of Aptiv by 48.4% in the 1st quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock worth $74,000 after purchasing an additional 406 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.
Aptiv Stock Performance
Shares of APTV traded up $0.82 during mid-day trading on Wednesday, hitting $70.12. The stock had a trading volume of 1,834,616 shares, compared to its average volume of 3,374,457. The company has a market cap of $15.27 billion, a PE ratio of 11.61, a PEG ratio of 0.79 and a beta of 1.46. The company's fifty day simple moving average is $67.98 and its two-hundred day simple moving average is $63.09. 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 fifty-two week low of $47.19 and a fifty-two week high of $80.95.
Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.
Wall Street Analyst Weigh In
APTV has been the topic of a number of research reports. UBS Group raised their price objective on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday. Piper Sandler set a $70.00 target price on Aptiv and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Bank of America increased their target price on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Barclays increased their target price on Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, Morgan Stanley lowered their target price on Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.63.
Get Our Latest Stock Analysis on APTV
Aptiv Profile
(
Free Report)
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.
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