Washington Trust Advisors Inc. Cuts Stock Holdings in Aptiv PLC (NYSE:APTV)

Washington Trust Advisors Inc. decreased its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 30.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,894 shares of the auto parts company's stock after selling 5,087 shares during the quarter. Washington Trust Advisors Inc.'s holdings in Aptiv were worth $708,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new position in Aptiv during the fourth quarter valued at approximately $37,000. Versant Capital Management Inc lifted its position 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 purchasing an additional 470 shares during the period. UMB Bank n.a. bought a new position in Aptiv during the first quarter valued at approximately $48,000. Blue Trust Inc. lifted its position in Aptiv by 48.4% during the first quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock valued at $74,000 after purchasing an additional 406 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Aptiv by 164.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock valued at $81,000 after purchasing an additional 848 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Wall Street Analysts Forecast Growth

APTV has been the topic of several recent research reports. Wall Street Zen upgraded shares of Aptiv to a "hold" rating in a research report on Saturday, June 21st. Piper Sandler set a $70.00 price target on shares of Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Wells Fargo & Company increased their price target on shares of Aptiv from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, Morgan Stanley decreased their price target on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.56.

Aptiv Stock Performance

Shares of NYSE:APTV opened at $68.79 on Monday. The stock has a market capitalization of $14.98 billion, a P/E ratio of 11.39, a PEG ratio of 0.77 and a beta of 1.47. 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 52 week low of $47.19 and a 52 week high of $80.95. The firm has a fifty day simple moving average of $64.41 and a two-hundred day simple moving average of $62.10.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to analysts' expectations 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 company earned $1.16 EPS. On average, 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.

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