Aptiv PLC (NYSE:APTV) Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its stake in shares of Aptiv PLC (NYSE:APTV – Get Rating) by 33.4% during the first quarter, Holdings Channel.com reports. The fund owned 183,329 shares of the auto parts company’s stock after purchasing an additional 45,854 shares during the period. M&T Bank Corp’s holdings in Aptiv were worth $21,946,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Hanson & Doremus Investment Management boosted its holdings in Aptiv by 137.4% during the first quarter. Hanson & Doremus Investment Management now owns 216 shares of the auto parts company’s stock worth $26,000 after buying an additional 125 shares in the last quarter. Tyler Stone Wealth Management bought a new stake in Aptiv during the fourth quarter worth approximately $27,000. MCF Advisors LLC boosted its holdings in Aptiv by 1,204.5% during the fourth quarter. MCF Advisors LLC now owns 287 shares of the auto parts company’s stock worth $47,000 after buying an additional 265 shares in the last quarter. Glassman Wealth Services bought a new stake in Aptiv during the fourth quarter worth approximately $56,000. Finally, Carolinas Wealth Consulting LLC boosted its stake in Aptiv by 961.4% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 467 shares of the auto parts company’s stock worth $77,000 after purchasing an additional 423 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on APTV. Robert W. Baird decreased their price objective on shares of Aptiv from $155.00 to $148.00 in a research note on Friday, May 6th. Piper Sandler lowered shares of Aptiv from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $177.00 to $90.00 in a research note on Monday, April 18th. Cowen decreased their price objective on shares of Aptiv from $150.00 to $144.00 in a research note on Friday, May 6th. Wells Fargo & Company decreased their price objective on shares of Aptiv from $112.00 to $102.00 and set an “equal weight” rating for the company in a research note on Monday, July 11th. Finally, Exane BNP Paribas started coverage on shares of Aptiv in a research report on Monday, April 11th. They issued an “outperform” rating and a $160.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and a consensus target price of $155.53.

Insiders Place Their Bets

In other Aptiv news, SVP William T. Presley sold 2,000 shares of the firm’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $108.52, for a total value of $217,040.00. Following the sale, the senior vice president now directly owns 45,681 shares in the company, valued at approximately $4,957,302.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Kevin P. Clark sold 6,705 shares of Aptiv stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $109.60, for a total transaction of $734,868.00. Following the sale, the chief executive officer now directly owns 652,547 shares in the company, valued at approximately $71,519,151.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William T. Presley sold 2,000 shares of Aptiv stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $108.52, for a total transaction of $217,040.00. Following the sale, the senior vice president now owns 45,681 shares in the company, valued at $4,957,302.12. The disclosure for this sale can be found here. Insiders have sold 15,370 shares of company stock worth $1,547,492 in the last ninety days. Insiders own 0.41% of the company’s stock.

Aptiv Stock Performance

Shares of APTV opened at $98.41 on Friday. The company has a market capitalization of $26.66 billion, a PE ratio of 234.31, a price-to-earnings-growth ratio of 2.28 and a beta of 2.00. Aptiv PLC has a one year low of $84.14 and a one year high of $180.81. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.63 and a quick ratio of 2.04. The company’s fifty day moving average price is $97.32 and its 200 day moving average price is $110.01.

Aptiv (NYSE:APTV – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.36). The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. Aptiv had a return on equity of 6.01% and a net margin of 1.10%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. As a group, analysts expect that Aptiv PLC will post 3.97 earnings per share for the current year.

Aptiv Company Profile

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Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.