Chevy Chase Trust Holdings LLC Sells 19,144 Shares of Aptiv PLC (NYSE:APTV)

Chevy Chase Trust Holdings LLC lessened its stake in Aptiv PLC (NYSE:APTV - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,345 shares of the auto parts company's stock after selling 19,144 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Aptiv worth $7,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of APTV. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Aptiv by 2.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,414 shares of the auto parts company's stock valued at $3,270,000 after acquiring an additional 918 shares in the last quarter. Blue Trust Inc. boosted its stake in Aptiv by 713.9% during the 3rd quarter. Blue Trust Inc. now owns 2,108 shares of the auto parts company's stock valued at $148,000 after purchasing an additional 1,849 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Aptiv by 15.5% during the third quarter. Signaturefd LLC now owns 3,098 shares of the auto parts company's stock valued at $223,000 after purchasing an additional 416 shares in the last quarter. Eastern Bank purchased a new position in Aptiv in the 3rd quarter worth about $1,586,000. Finally, International Assets Investment Management LLC bought a new position in Aptiv during the 3rd quarter valued at about $11,250,000. Institutional investors own 94.21% of the company's stock.

Wall Street Analysts Forecast Growth

APTV has been the subject of several research reports. Royal Bank of Canada boosted their price objective on shares of Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Morgan Stanley decreased their target price on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday, November 14th. Hsbc Global Res upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. TD Cowen reduced their price objective on Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Finally, Barclays increased their target price on Aptiv from $75.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $85.61.

Aptiv Trading Down 1.4 %

Shares of NYSE APTV traded down $0.97 during trading hours on Friday, hitting $66.65. 3,237,276 shares of the company traded hands, compared to its average volume of 3,250,520. The stock has a market capitalization of $15.29 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. The company's 50 day moving average price is $61.85 and its 200 day moving average price is $64.02. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $85.56. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, equities research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Aptiv 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.