First National Trust Co Has $2.13 Million Stock Holdings in Aptiv PLC (NYSE:APTV)

First National Trust Co decreased its position in Aptiv PLC (NYSE:APTV) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,601 shares of the auto parts company’s stock after selling 684 shares during the period. First National Trust Co’s holdings in Aptiv were worth $2,132,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Capital World Investors bought a new stake in Aptiv in the first quarter valued at about $343,760,000. EdgePoint Investment Group Inc. acquired a new position in shares of Aptiv in the 1st quarter worth approximately $335,426,000. Massachusetts Financial Services Co. MA lifted its position in shares of Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after buying an additional 1,764,844 shares during the period. Ariel Investments LLC acquired a new stake in Aptiv in the 1st quarter valued at $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in Aptiv by 13.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after acquiring an additional 905,431 shares during the period. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of APTV stock opened at $56.38 on Wednesday. The stock has a market cap of $13.25 billion, a PE ratio of 6.29, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81. The stock has a 50-day moving average of $67.69 and a 200-day moving average of $71.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv PLC has a one year low of $52.81 and a one year high of $91.66.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.30 earnings per share. As a group, sell-side analysts expect that Aptiv PLC will post 6.18 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Bank of America reduced their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. boosted their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. StockNews.com began coverage on Aptiv in a report on Monday. They set a “hold” rating for the company. Finally, Royal Bank of Canada decreased their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

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.