Aptiv PLC (NYSE:APTV) Shares Sold by HM Payson & Co.

HM Payson & Co. lessened its stake in shares of Aptiv PLC (NYSE:APTV) by 28.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,104 shares of the auto parts company’s stock after selling 2,867 shares during the quarter. HM Payson & Co.’s holdings in Aptiv were worth $566,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of APTV. Wells Fargo & Company MN boosted its position in Aptiv by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock worth $40,881,000 after acquiring an additional 26,933 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Aptiv in the fourth quarter valued at $13,120,000. Janney Montgomery Scott LLC lifted its position in Aptiv by 36.6% during the first quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock worth $3,818,000 after buying an additional 12,835 shares during the period. FIFTHDELTA Ltd purchased a new position in Aptiv during the fourth quarter worth about $50,767,000. Finally, Trillium Asset Management LLC grew its holdings in Aptiv by 33.1% in the 4th quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock valued at $32,411,000 after buying an additional 89,786 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Down 4.8 %

Shares of NYSE APTV traded down $3.50 during trading on Friday, reaching $69.63. 6,391,902 shares of the stock were exchanged, compared to its average volume of 3,260,238. The business’s 50-day moving average price is $73.36 and its 200 day moving average price is $76.84. The company has a market capitalization of $18.94 billion, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of 0.66 and a beta of 1.79. Aptiv PLC has a twelve month low of $65.13 and a twelve month high of $113.14. The company has a quick ratio of 0.89, a current ratio of 1.49 and a debt-to-equity ratio of 0.47.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 EPS. As a group, equities analysts forecast that Aptiv PLC will post 6.3 EPS for the current fiscal year.

Insider Buying and Selling at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the sale, the director now owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on APTV. UBS Group cut their price objective on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Bank of America decreased their price target on shares of Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Oppenheimer reissued an “outperform” rating and set a $145.00 price objective on shares of Aptiv in a research note on Tuesday, July 9th. The Goldman Sachs Group cut their target price on Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. lowered their price target on Aptiv from $113.00 to $104.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $97.14.

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.