WASHINGTON TRUST Co Reduces Holdings in Aptiv PLC (NYSE:APTV)

WASHINGTON TRUST Co decreased its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 99.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 455 shares of the auto parts company's stock after selling 163,376 shares during the period. WASHINGTON TRUST Co's holdings in Aptiv were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock worth $550,759,000 after acquiring an additional 1,294,670 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Aptiv by 1,390.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company's stock valued at $386,103,000 after purchasing an additional 5,002,090 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company's stock valued at $336,861,000 after purchasing an additional 1,090,766 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Aptiv by 19.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock valued at $172,117,000 after purchasing an additional 468,069 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in Aptiv by 18.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company's stock worth $179,189,000 after purchasing an additional 388,045 shares during the last quarter. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Performance

Aptiv stock traded down $0.21 during mid-day trading on Wednesday, reaching $66.67. 1,827,547 shares of the company's stock were exchanged, compared to its average volume of 3,270,705. The firm has a market capitalization of $15.30 billion, a PE ratio of 9.69, a P/E/G ratio of 0.62 and a beta of 1.74. 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 business's fifty day simple moving average is $61.51 and its 200 day simple moving average is $63.98. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56.

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

Analyst Ratings Changes

Several research firms have recently commented on APTV. Hsbc Global Res raised Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. UBS Group upped their target price on shares of Aptiv from $82.00 to $91.00 and gave the company a "buy" rating in a research report on Friday, February 7th. TD Cowen lowered their price target on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Finally, Argus upgraded shares of Aptiv to a "strong-buy" rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.61.

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.