Victory Capital Management Inc. Cuts Stock Holdings in Aptiv PLC (NYSE:APTV)

Victory Capital Management Inc. decreased its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,585,796 shares of the auto parts company's stock after selling 296,458 shares during the period. Victory Capital Management Inc. owned approximately 1.56% of Aptiv worth $213,355,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in APTV. Mather Group LLC. increased its position in shares of Aptiv by 155.2% in the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after purchasing an additional 385 shares during the period. Versant Capital Management Inc increased its position in shares of Aptiv by 201.7% in the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after purchasing an additional 470 shares during the period. UMB Bank n.a. bought a new position in shares of Aptiv in the first quarter worth $48,000. Blue Trust Inc. increased its position in shares of Aptiv by 48.4% in the first quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock worth $74,000 after purchasing an additional 406 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of 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 worth $81,000 after purchasing an additional 848 shares during the period. Institutional investors own 94.21% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Piper Sandler set a $70.00 target price on Aptiv and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Wells Fargo & Company lifted their price target on Aptiv from $85.00 to $86.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Wolfe Research lowered Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Morgan Stanley cut their price target on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, May 19th. Finally, Bank of America lifted their price target on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $81.63.

Aptiv Trading Down 1.9%

APTV traded down $1.31 during trading on Friday, hitting $68.96. The company's stock had a trading volume of 518,938 shares, compared to its average volume of 3,362,016. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $80.95. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. The stock's fifty day moving average price is $68.39 and its 200-day moving average price is $63.21. The firm has a market capitalization of $15.01 billion, a P/E ratio of 11.43, a PEG ratio of 0.78 and a beta of 1.46.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 earnings per share. Analysts anticipate that Aptiv PLC will post 7.2 EPS for the current 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.