Hemenway Trust Co LLC Acquires 4,685 Shares of Aptiv PLC (NYSE:APTV)

Hemenway Trust Co LLC grew its holdings in shares of Aptiv PLC (NYSE:APTV) by 8.4% in the second quarter, HoldingsChannel reports. The fund owned 60,653 shares of the auto parts company’s stock after purchasing an additional 4,685 shares during the quarter. Hemenway Trust Co LLC’s holdings in Aptiv were worth $4,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Financial Advocates Investment Management boosted its holdings in Aptiv by 5.9% in the 4th quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock worth $211,000 after buying an additional 132 shares during the period. Broderick Brian C boosted its holdings in shares of Aptiv by 0.6% during the 1st quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock valued at $1,731,000 after purchasing an additional 132 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Aptiv by 11.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock valued at $130,000 after purchasing an additional 146 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 156 shares during the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Aptiv by 27.3% during the 1st quarter. Lindbrook Capital LLC now owns 812 shares of the auto parts company’s stock valued at $65,000 after buying an additional 174 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on APTV. Bank of America decreased their target price on shares of Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Company decreased their target price on shares of Aptiv from $82.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Morgan Stanley reduced their price objective on shares of Aptiv from $75.00 to $70.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 14th. The Goldman Sachs Group reduced their price objective on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Barclays reduced their price objective on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.27.

Insider Activity

In other news, Director Nancy E. Cooper sold 394 shares of the 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 transaction, the director now directly owns 13,636 shares in the company, valued at $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.34% of the company’s stock.

Aptiv Trading Down 1.3 %

APTV stock traded down $0.95 during mid-day trading on Friday, reaching $70.02. The company had a trading volume of 221,919 shares, compared to its average volume of 2,932,902. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. The company has a market capitalization of $19.05 billion, a PE ratio of 6.69, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79. The firm has a 50 day moving average of $69.89 and a 200 day moving average of $74.83. Aptiv PLC has a 12 month low of $65.13 and a 12 month high of $104.72.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same period last year, the firm earned $1.25 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts predict that Aptiv PLC will post 6.28 earnings per share for the current fiscal year.

About Aptiv

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.