Aptiv PLC (NYSE:APTV) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN cut its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 72.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,330 shares of the auto parts company's stock after selling 29,609 shares during the quarter. OLD National Bancorp IN's holdings in Aptiv were worth $674,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management acquired a new position in shares of Aptiv in the 4th quarter valued at $37,000. Versant Capital Management Inc grew its stake in shares of Aptiv by 201.7% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after buying an additional 470 shares during the period. UMB Bank n.a. acquired a new stake in shares of Aptiv in the first quarter worth $48,000. MassMutual Private Wealth & Trust FSB grew its position in Aptiv by 164.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock valued at $81,000 after acquiring an additional 848 shares in the last quarter. Finally, GeoWealth Management LLC lifted its holdings in Aptiv by 203.2% in the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock worth $92,000 after buying an additional 1,022 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on APTV shares. UBS Group raised their price target on Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Wells Fargo & Company upped their price target on shares of Aptiv from $75.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Finally, Royal Bank of Canada increased their price objective on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and an average price target of $82.50.

Aptiv Trading Down 0.9%

Shares of APTV stock traded down $0.65 during trading hours on Thursday, reaching $69.54. 778,298 shares of the stock were exchanged, compared to its average volume of 3,188,375. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 0.62 and a beta of 1.47. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $80.95. The company's 50-day moving average price is $60.34 and its 200-day moving average price is $61.10. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results 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 company had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Aptiv's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share. As a group, equities analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

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.