Russell Investments Group Ltd. Reduces Holdings in Aptiv PLC (NYSE:APTV)

Key Points

• Russell Investments Group Ltd. cut its stake in Aptiv PLC by 4.9%, holding approximately 612,408 shares valued at around $36.81 million after selling 31,758 shares in the first quarter.
• Aptiv reported $2.12 earnings per share for the last quarter, exceeding analysts' estimates of $1.83 and achieving a revenue of $5.21 billion against expectations of $5.02 billion.
• Multiple institutional investors have been active in Aptiv, with 94.21% of the stock owned by institutional investors and hedge funds, highlighting significant institutional interest.

Russell Investments Group Ltd. lowered its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 612,408 shares of the auto parts company's stock after selling 31,758 shares during the period. Russell Investments Group Ltd. owned 0.28% of Aptiv worth $36,812,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of APTV. Zions Bancorporation National Association UT purchased a new position in Aptiv during the first quarter valued at approximately $26,000. Mather Group LLC. grew its stake in Aptiv by 155.2% during the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 385 shares in the last quarter. Eastern Bank purchased a new position in Aptiv during the first quarter valued at approximately $39,000. Versant Capital Management Inc grew its stake in Aptiv by 201.7% during the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after acquiring an additional 470 shares in the last quarter. Finally, UMB Bank n.a. purchased a new position in Aptiv during the first quarter valued at approximately $48,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on APTV. Wall Street Zen raised shares of Aptiv to a "hold" rating in a research note on Saturday, June 21st. Wolfe Research lowered shares of Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. increased their price target on shares of Aptiv from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Oppenheimer reissued an "outperform" rating and issued a $88.00 price target (up previously from $84.00) on shares of Aptiv in a report on Monday, August 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $81.81.

Aptiv Stock Performance

Shares of APTV traded down $0.16 on Friday, reaching $74.13. The company's stock had a trading volume of 1,896,279 shares, compared to its average volume of 2,876,375. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $75.41. The stock has a market capitalization of $16.14 billion, a P/E ratio of 16.96, a PEG ratio of 0.83 and a beta of 1.48. The stock's 50 day simple moving average is $69.24 and its two-hundred day simple moving average is $64.30. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 earnings per share. Research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

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.