Aptiv PLC (NYSE:APTV) Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. trimmed its holdings in shares of Aptiv PLC (NYSE:APTV) by 0.4% during the third quarter, Holdings Channel reports. The firm owned 120,332 shares of the auto parts company’s stock after selling 469 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Aptiv were worth $8,665,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of APTV. Independence Bank of Kentucky bought a new position in shares of Aptiv during the 2nd quarter valued at about $25,000. Crewe Advisors LLC boosted its holdings in shares of Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares during the period. Clearstead Trust LLC boosted its holdings in shares of Aptiv by 305.0% in the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after buying an additional 305 shares during the period. Wolff Wiese Magana LLC boosted its holdings in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Aptiv in the second quarter worth about $38,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Price Performance

NYSE:APTV opened at $56.26 on Friday. The business’s 50-day moving average is $68.01 and its 200 day moving average is $71.90. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 12 month low of $52.81 and a 12 month high of $91.66. The company has a market capitalization of $13.22 billion, a P/E ratio of 6.28, a P/E/G ratio of 0.52 and a beta of 1.81.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 EPS. On average, equities research analysts forecast that Aptiv PLC will post 6.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

APTV has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Royal Bank of Canada lowered their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $78.00 to $87.00 in a research note on Friday, September 20th. Robert W. Baird lowered their price objective on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, StockNews.com initiated coverage on shares of Aptiv in a research note on Sunday, November 3rd. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Aptiv 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.