PNC Financial Services Group Inc. trimmed its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,065 shares of the auto parts company's stock after selling 6,061 shares during the period. PNC Financial Services Group Inc.'s holdings in Aptiv were worth $1,334,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. raised its holdings in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after acquiring an additional 409 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Aptiv in the third quarter valued at $43,000. CENTRAL TRUST Co grew its position in shares of Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after acquiring an additional 677 shares during the period. Transamerica Financial Advisors Inc. acquired a new position in shares of Aptiv during the 3rd quarter worth about $64,000. Finally, SRS Capital Advisors Inc. raised its stake in Aptiv by 93.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company's stock valued at $115,000 after buying an additional 918 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares of the company's stock, valued at $8,203,023.50. This represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is owned by corporate insiders.
Aptiv Price Performance
Shares of APTV stock traded down $0.07 during trading on Wednesday, hitting $62.75. The company had a trading volume of 1,836,534 shares, compared to its average volume of 3,420,174. The stock's 50-day moving average is $63.69 and its two-hundred day moving average is $63.31. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56.
Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, analysts predict that Aptiv PLC will post 7.2 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
APTV has been the topic of a number of recent analyst reports. Robert W. Baird raised Aptiv from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $75.00 to $82.00 in a report on Monday, January 27th. Barclays lifted their price target on Aptiv from $75.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Hsbc Global Res upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Royal Bank of Canada upped their price target on shares of Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, Baird R W raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.50.
Get Our Latest Stock Report on APTV
Aptiv Company Profile
(
Free Report)
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.
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