Perpetual Ltd Sells 4,740 Shares of Aptiv PLC (NYSE:APTV)

Perpetual Ltd cut its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 452,038 shares of the auto parts company's stock after selling 4,740 shares during the quarter. Perpetual Ltd owned approximately 0.20% of Aptiv worth $26,896,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APTV. Norges Bank bought a new stake in shares of Aptiv during the 4th quarter valued at $106,492,000. Pictet Asset Management Holding SA increased its position in shares of Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock valued at $102,262,000 after buying an additional 1,539,724 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock valued at $864,206,000 after buying an additional 1,517,104 shares during the period. Franklin Resources Inc. boosted its position in shares of Aptiv by 29.7% in the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock valued at $371,767,000 after acquiring an additional 1,408,433 shares during the period. Finally, Paloma Partners Management Co boosted its position in shares of Aptiv by 968.7% in the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock valued at $55,007,000 after acquiring an additional 824,400 shares during the period. Institutional investors own 94.21% of the company's stock.

Wall Street Analyst Weigh In

APTV has been the topic of several recent analyst reports. Bank of America increased their target price on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. 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 research report on Friday, May 2nd. Piper Sandler set a $70.00 target price on Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Robert W. Baird decreased their target price on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, UBS Group lifted their price target on Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.56.

Aptiv Stock Performance

Aptiv stock opened at $68.06 on Friday. The firm has a fifty day simple moving average of $64.07 and a two-hundred day simple moving average of $61.98. 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 twelve month low of $47.19 and a twelve month high of $80.95. The company has a market capitalization of $14.82 billion, a PE ratio of 11.27, a P/E/G ratio of 0.75 and a beta of 1.47.

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 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 company 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 company posted $1.16 EPS. Aptiv's revenue for the quarter was down 1.6% on a year-over-year basis. Research analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Aptiv Company 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.

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