Aptiv PLC (NYSE:APTV) Shares Bought by Truist Financial Corp

Truist Financial Corp increased its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 556,862 shares of the auto parts company's stock after acquiring an additional 27,479 shares during the quarter. Truist Financial Corp owned approximately 0.20% of Aptiv worth $49,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in Aptiv during the 4th quarter worth approximately $29,000. GAMMA Investing LLC bought a new position in Aptiv during the 4th quarter worth approximately $32,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Aptiv in the 4th quarter worth approximately $47,000. BluePath Capital Management LLC bought a new stake in shares of Aptiv in the 3rd quarter worth approximately $55,000. Finally, TFC Financial Management Inc. grew its position in shares of Aptiv by 44.5% in the 3rd quarter. TFC Financial Management Inc. now owns 614 shares of the auto parts company's stock worth $61,000 after buying an additional 189 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on APTV. Oppenheimer cut their price objective on Aptiv from $149.00 to $148.00 and set an "outperform" rating on the stock in a research report on Thursday, February 1st. Morgan Stanley downgraded Aptiv from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. UBS Group increased their target price on Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Citigroup lowered their target price on Aptiv from $150.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, February 1st. Finally, Robert W. Baird downgraded Aptiv from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $105.00 to $96.00 in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $109.93.

Aptiv Stock Performance

APTV traded up $1.08 during midday trading on Friday, reaching $71.21. The company had a trading volume of 2,108,159 shares, compared to its average volume of 1,940,257. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. Aptiv PLC has a 1 year low of $68.84 and a 1 year high of $113.60. The business has a 50-day moving average of $76.48 and a two-hundred day moving average of $81.27. The company has a market cap of $19.42 billion, a P/E ratio of 6.87, a P/E/G ratio of 0.91 and a beta of 1.90.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results 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 firm had revenue of $4.92 billion during the quarter, compared to analysts' expectations of $4.95 billion. As a group, equities research analysts predict that Aptiv PLC will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the transaction, the senior vice president now owns 95,211 shares in the company, valued at approximately $7,396,942.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by company insiders.

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.