Hemenway Trust Co LLC Reduces Stake in Aptiv PLC (NYSE:APTV)

Hemenway Trust Co LLC reduced its holdings in Aptiv PLC (NYSE:APTV) by 48.3% during the 3rd quarter, according to 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.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in APTV. Proactive Wealth Strategies LLC purchased a new position in shares of Aptiv during the 3rd quarter valued at about $1,815,000. Sumitomo Mitsui Trust Group Inc. raised its position in Aptiv by 4.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 722,962 shares of the auto parts company’s stock valued at $52,060,000 after acquiring an additional 31,531 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Aptiv in the third quarter valued at approximately $364,000. Buckingham Capital Management Inc. increased its holdings in shares of Aptiv by 65.6% during the 3rd quarter. Buckingham Capital Management Inc. now owns 6,676 shares of the auto parts company’s stock valued at $481,000 after purchasing an additional 2,645 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Aptiv in the 3rd quarter valued at $639,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Price Performance

NYSE APTV traded up $0.54 during mid-day trading on Tuesday, hitting $56.47. The stock had a trading volume of 189,552 shares, compared to its average volume of 3,081,804. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The company has a market cap of $13.27 billion, a price-to-earnings ratio of 6.24, a P/E/G ratio of 0.50 and a beta of 1.81. The company has a 50 day simple moving average of $67.69 and a 200 day simple moving average of $71.81. Aptiv PLC has a 52-week low of $52.81 and a 52-week high of $91.66.

Aptiv (NYSE:APTV) last announced its quarterly earnings data 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 the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s quarterly revenue 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 forecast that Aptiv PLC will post 6.18 EPS for the current fiscal year.

Analysts Set New Price Targets

APTV has been the subject of a number of analyst reports. Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Oppenheimer reduced their target price on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company 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 company from $78.00 to $87.00 in a report on Friday, September 20th. Finally, Evercore ISI decreased their target price on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average target price 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.