Hemenway Trust Co LLC Trims Stock Position in Aptiv PLC (NYSE:APTV)

Hemenway Trust Co LLC trimmed its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 48.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,358 shares of the auto parts company's stock after selling 29,295 shares during the period. Hemenway Trust Co LLC's holdings in Aptiv were worth $2,258,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Independence Bank of Kentucky bought a new stake in Aptiv in the 2nd quarter worth $25,000. Clearstead Trust LLC grew its stake in Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company's stock valued at $32,000 after acquiring an additional 305 shares during the period. Crewe Advisors LLC increased its stake in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock worth $31,000 after purchasing an additional 215 shares during the period. Wolff Wiese Magana LLC lifted its holdings in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock worth $36,000 after purchasing an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Aptiv during the second quarter worth $38,000. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

APTV traded up $0.45 on Tuesday, hitting $56.38. The company had a trading volume of 5,086,647 shares, compared to its average volume of 3,104,162. The company's fifty day moving average price is $67.69 and its 200 day moving average price is $71.81. Aptiv PLC has a 1-year low of $52.81 and a 1-year high of $91.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The stock has a market cap of $13.25 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 earnings per share. Equities analysts predict that Aptiv PLC will post 6.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on APTV shares. Nomura Securities upgraded Aptiv from a "strong sell" rating to a "hold" rating in a report on Monday, August 19th. TD Cowen reduced their price target on Aptiv from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company upgraded Aptiv from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $78.00 to $87.00 in a research note on Friday, September 20th. Morgan Stanley cut their target price on Aptiv from $70.00 to $68.00 and set an "underweight" rating on the stock in a research note on Wednesday, September 25th. Finally, Barclays decreased their target price on shares of Aptiv from $100.00 to $80.00 and set an "overweight" rating for the company in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and a consensus price target of $87.00.

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.