Hemenway Trust Co LLC grew its position in shares of Aptiv PLC (NYSE:APTV – Get Rating) by 33.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 29,217 shares of the auto parts company's stock after acquiring an additional 7,342 shares during the period. Hemenway Trust Co LLC's holdings in Aptiv were worth $2,602,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in APTV. Hanson & Doremus Investment Management lifted its holdings in shares of Aptiv by 137.4% during the 1st quarter. Hanson & Doremus Investment Management now owns 216 shares of the auto parts company's stock valued at $26,000 after buying an additional 125 shares during the last quarter. Tyler Stone Wealth Management acquired a new stake in shares of Aptiv during the 4th quarter valued at about $27,000. Karlinski Andrew C acquired a new stake in shares of Aptiv during the 1st quarter valued at about $38,000. Tcwp LLC bought a new position in shares of Aptiv in the 1st quarter valued at approximately $45,000. Finally, CI Investments Inc. raised its stake in shares of Aptiv by 1,515.2% in the 1st quarter. CI Investments Inc. now owns 533 shares of the auto parts company's stock valued at $64,000 after acquiring an additional 500 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.
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Aptiv Stock Performance
Shares of NYSE:APTV traded down $1.76 during trading on Tuesday, hitting $81.87. 34,797 shares of the stock were exchanged, compared to its average volume of 1,679,940. Aptiv PLC has a 1-year low of $81.97 and a 1-year high of $180.81. The company has a market capitalization of $22.18 billion, a price-to-earnings ratio of 200.40, a price-to-earnings-growth ratio of 2.39 and a beta of 2.01. The company's fifty day simple moving average is $98.23 and its 200-day simple moving average is $101.26. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.04 and a current ratio of 2.63.
Aptiv (NYSE:APTV – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The auto parts company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.36). Aptiv had a return on equity of 6.01% and a net
margin of 1.10%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business posted $0.60 EPS. Aptiv's revenue for the quarter was up 7.7% compared to the same quarter last year. Sell-side analysts expect that Aptiv PLC will post 3.2 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Morgan Stanley cut their price objective on Aptiv from $149.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, August 11th. Oppenheimer cut their price objective on Aptiv from $172.00 to $162.00 and set an "outperform" rating on the stock in a research note on Monday, August 8th. Guggenheim cut their price objective on Aptiv from $180.00 to $173.00 and set a "buy" rating on the stock in a research note on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft cut their price objective on Aptiv from $136.00 to $132.00 and set a "buy" rating on the stock in a research note on Friday, August 5th. Finally, Cowen cut their price objective on Aptiv to $130.00 in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $151.11.
Insider Activity at Aptiv
In related news, CEO Kevin P. Clark sold 6,665 shares of the business's stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $96.76, for a total value of $644,905.40. Following the sale, the chief executive officer now owns 625,887 shares of the company's stock, valued at approximately $60,560,826.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 19,995 shares of company stock valued at $1,887,195 in the last 90 days. 0.41% of the stock is owned by corporate insiders.
Aptiv Profile
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Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.
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