Royal Bank of Canada Trims Position in Aptiv PLC (NYSE:APTV)

Royal Bank of Canada reduced its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 385,498 shares of the auto parts company's stock after selling 63,314 shares during the quarter. Royal Bank of Canada owned 0.16% of Aptiv worth $23,315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of APTV. Picton Mahoney Asset Management purchased a new stake in shares of Aptiv during the 4th quarter valued at about $37,000. CENTRAL TRUST Co boosted its holdings in shares of Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after acquiring an additional 677 shares during the last quarter. GeoWealth Management LLC boosted its holdings in shares of Aptiv by 203.2% during the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock valued at $92,000 after acquiring an additional 1,022 shares during the last quarter. Quarry LP purchased a new stake in shares of Aptiv during the 4th quarter valued at about $105,000. Finally, Hazlett Burt & Watson Inc. boosted its holdings in shares of Aptiv by 163.1% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock valued at $110,000 after acquiring an additional 1,145 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Stock Performance

NYSE:APTV traded down $0.69 during midday trading on Wednesday, hitting $67.71. The company's stock had a trading volume of 1,528,471 shares, compared to its average volume of 3,501,348. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $85.35. The firm's 50 day moving average is $58.88 and its 200-day moving average is $60.13. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The firm has a market cap of $14.74 billion, a P/E ratio of 9.84, a P/E/G ratio of 0.62 and a beta of 1.44.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. The business had revenue of $4.83 billion for 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%. The business's revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.16 EPS. Equities analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Raymond James reaffirmed a "market perform" rating on shares of Aptiv in a report on Monday, February 3rd. Morgan Stanley dropped their price objective on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a report on Monday, May 19th. Guggenheim dropped their price objective on shares of Aptiv from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen started coverage on shares of Aptiv in a report on Thursday, May 22nd. They issued a "hold" rating on the stock. Finally, Barclays raised their price objective on shares of Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and an average target price of $82.50.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.45% of the stock is owned by corporate insiders.

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.