Aptiv PLC (NYSE:APTV) Stake Raised by Cambridge Trust Co.

Cambridge Trust Co. boosted its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 24.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,662 shares of the auto parts company's stock after acquiring an additional 22,258 shares during the quarter. Cambridge Trust Co.'s holdings in Aptiv were worth $10,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in APTV. Salem Investment Counselors Inc. raised its stake in shares of Aptiv by 176.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company's stock worth $25,000 after buying an additional 176 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Aptiv during the 4th quarter worth approximately $29,000. FWL Investment Management LLC purchased a new position in Aptiv in the 4th quarter valued at approximately $30,000. BluePath Capital Management LLC purchased a new position in Aptiv in the 3rd quarter valued at approximately $55,000. Finally, KB Financial Partners LLC purchased a new position in Aptiv in the 1st quarter valued at approximately $56,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

APTV has been the subject of several research analyst reports. Royal Bank of Canada dropped their price objective on Aptiv from $115.00 to $104.00 and set an "outperform" rating for the company in a research note on Thursday, February 1st. Robert W. Baird downgraded Aptiv from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Guggenheim dropped their price objective on Aptiv from $103.00 to $92.00 and set a "buy" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on Aptiv from $135.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, January 25th. Finally, Morgan Stanley downgraded Aptiv from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $90.00 to $74.00 in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Aptiv has a consensus rating of "Moderate Buy" and a consensus price target of $110.36.

Aptiv Trading Down 0.0 %

Shares of APTV stock traded down $0.03 during mid-day trading on Thursday, hitting $69.32. 1,727,907 shares of the company's stock were exchanged, compared to its average volume of 2,690,884. Aptiv PLC has a fifty-two week low of $68.84 and a fifty-two week high of $113.60. The stock has a 50-day simple moving average of $77.91 and a two-hundred day simple moving average of $82.67. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The stock has a market cap of $18.90 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 0.93 and a beta of 1.90.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The business had revenue of $4.92 billion for the quarter, compared to analysts' expectations of $4.95 billion. Equities analysts expect that Aptiv PLC will post 5.66 EPS 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.