Whittier Trust Co. Cuts Stake in Aptiv PLC (NYSE:APTV)

Whittier Trust Co. cut its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 53.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,459 shares of the auto parts company's stock after selling 7,490 shares during the quarter. Whittier Trust Co.'s holdings in Aptiv were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Aptiv by 3.5% during the first quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock valued at $16,826,000 after purchasing an additional 9,552 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Aptiv by 89.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company's stock worth $1,333,000 after acquiring an additional 10,585 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Aptiv by 348.2% in the 1st quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company's stock worth $164,000 after acquiring an additional 2,138 shares during the last quarter. Diametric Capital LP bought a new stake in shares of Aptiv in the 4th quarter worth approximately $972,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Aptiv by 8.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company's stock worth $28,700,000 after acquiring an additional 35,426 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. Morgan Stanley decreased their target price on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, May 19th. Piper Sandler set a $70.00 target price on shares of Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Finally, Barclays set a $85.00 target price on shares of Aptiv and gave the stock an "equal weight" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $81.63.

Aptiv Stock Down 3.0%

APTV stock traded down $2.11 during trading on Friday, hitting $68.16. 2,481,029 shares of the stock traded hands, compared to its average volume of 3,370,261. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $80.95. The firm's 50 day moving average is $68.39 and its two-hundred day moving average is $63.21. The stock has a market cap of $14.84 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.78 and a beta of 1.46. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.61 and a quick ratio of 1.11.

Aptiv (NYSE:APTV - Get Free Report) last announced 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. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the firm posted $1.16 EPS. Aptiv's revenue for the quarter was down 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Aptiv PLC will post 7.2 EPS for the current 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.