Vanguard Group Inc. Sells 94,459 Shares of Aptiv PLC (NYSE:APTV)

Vanguard Group Inc. lessened its position in shares of Aptiv PLC (NYSE:APTV) by 0.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,603,096 shares of the auto parts company’s stock after selling 94,459 shares during the quarter. Vanguard Group Inc. owned about 11.62% of Aptiv worth $2,517,187,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in Aptiv by 6.3% in 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 in the last quarter. Gradient Investments LLC boosted its stake in Aptiv by 36.1% in the 4th quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock worth $13,902,000 after purchasing an additional 41,135 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Aptiv during the 4th quarter worth approximately $13,120,000. Janney Montgomery Scott LLC increased its stake in Aptiv by 36.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock valued at $3,818,000 after purchasing an additional 12,835 shares in the last quarter. Finally, FIFTHDELTA Ltd purchased a new position in shares of Aptiv in the fourth quarter worth $50,767,000. Institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on APTV. Piper Sandler downgraded Aptiv from a “neutral” rating to an “underweight” rating and cut their target price for the company from $78.00 to $63.00 in a research report on Wednesday, June 26th. Wells Fargo & Company cut their price objective on Aptiv from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. Barclays reduced their price objective on Aptiv from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. UBS Group dropped their target price on Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, StockNews.com lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.92.

Insider Buying and Selling

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the stock in a transaction 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 of the company’s stock, valued at $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is owned by insiders.

Aptiv Price Performance

Shares of APTV stock traded down $2.81 during mid-day trading on Friday, hitting $68.87. 5,526,582 shares of the stock were exchanged, compared to its average volume of 3,579,039. Aptiv PLC has a 52-week low of $65.13 and a 52-week high of $113.14. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The company has a market cap of $18.74 billion, a PE ratio of 6.49, a price-to-earnings-growth ratio of 0.66 and a beta of 1.79. The firm has a fifty day moving average of $75.96 and a 200 day moving average of $77.80.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. Aptiv’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 earnings per share. Research analysts anticipate that Aptiv PLC will post 5.99 earnings per share for the current 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.