Vontobel Holding Ltd. Lowers Stake in Aptiv PLC (NYSE:APTV)

Vontobel Holding Ltd. decreased its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 20.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,144 shares of the auto parts company's stock after selling 14,519 shares during the period. Vontobel Holding Ltd.'s holdings in Aptiv were worth $3,281,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management purchased a new position in Aptiv in the fourth quarter worth about $37,000. Mather Group LLC. grew its position in 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 acquiring an additional 385 shares in the last quarter. Versant Capital Management Inc grew its position in 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 acquiring an additional 470 shares in the last quarter. UMB Bank n.a. purchased a new position in Aptiv in the first quarter worth about $48,000. Finally, Blue Trust Inc. grew its position in 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 acquiring an additional 406 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Ratings Changes

APTV has been the subject of several recent research reports. Bank of America lifted their price target on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Wolfe Research downgraded shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada raised their price objective on shares of Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Wells Fargo & Company raised their price objective on shares of Aptiv from $85.00 to $86.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.61.

Aptiv Stock Performance

Shares of APTV traded down $0.60 during trading hours on Monday, reaching $71.96. 2,123,232 shares of the company traded hands, compared to its average volume of 3,387,571. The stock has a market capitalization of $15.67 billion, a P/E ratio of 11.91, a P/E/G ratio of 0.81 and a beta of 1.46. 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 12-month low of $47.19 and a 12-month high of $80.95. The business has a fifty day moving average price of $66.50 and a 200-day moving average price of $62.68.

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

Aptiv 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.