Trillium Asset Management LLC Sells 95,063 Shares of Aptiv PLC (NYSE:APTV)

Key Points

• Trillium Asset Management LLC has significantly reduced its stake in Aptiv PLC by 95.5%, now holding only 4,493 shares, valued at $267,000 according to their latest SEC filing.
• Aptiv recently reported earnings of $2.12 per share, exceeding analysts' expectations and reflecting a 3.1% year-over-year revenue increase to $5.21 billion.
• Analysts have mixed ratings on Aptiv stock, with one sell rating, nine hold ratings, and ten buy ratings, and the current average price target is $81.81.

Trillium Asset Management LLC lessened its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 95.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,493 shares of the auto parts company's stock after selling 95,063 shares during the quarter. Trillium Asset Management LLC's holdings in Aptiv were worth $267,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APTV. Public Sector Pension Investment Board boosted its holdings in shares of Aptiv by 20.6% during the 1st quarter. Public Sector Pension Investment Board now owns 30,538 shares of the auto parts company's stock valued at $1,817,000 after buying an additional 5,222 shares in the last quarter. Nuveen LLC bought a new stake in Aptiv during the first quarter valued at about $47,825,000. Cooper Financial Group purchased a new stake in Aptiv in the 1st quarter worth $544,000. Virtu Financial LLC bought a new position in Aptiv during the first quarter valued at $710,000. Finally, True North Advisors LLC bought a new position in shares of Aptiv during the first quarter valued at approximately $267,000. Institutional investors own 94.21% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on APTV. Robert W. Baird set a $82.00 price objective on shares of Aptiv and gave the stock an "outperform" rating in a research note on Friday, July 11th. Barclays raised their price objective on Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. UBS Group lifted their price objective on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Royal Bank Of Canada lifted their price objective on Aptiv from $85.00 to $92.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Finally, Guggenheim downgraded Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $81.81.

Aptiv Stock Performance

Shares of APTV stock traded down $0.16 on Friday, hitting $74.13. The company's stock had a trading volume of 1,896,279 shares, compared to its average volume of 2,876,375. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. The stock's 50 day moving average is $69.24 and its 200-day moving average is $64.29. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $75.41. The company has a market capitalization of $16.14 billion, a PE ratio of 16.96, a PEG ratio of 0.83 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $5.21 billion during 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%. Aptiv's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.58 earnings per share. Equities research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal 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.