Aptiv PLC $APTV Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in Aptiv PLC (NYSE:APTV) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,036,266 shares of the auto parts company’s stock after selling 27,527 shares during the period. Bank of New York Mellon Corp’s holdings in Aptiv were worth $71,958,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its stake in Aptiv by 240.0% in the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after buying an additional 252 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of Aptiv during the 4th quarter valued at about $33,000. DV Equities LLC purchased a new position in shares of Aptiv during the 4th quarter worth about $33,000. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Aptiv by 60.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 180 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 398 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Price Performance

Shares of NYSE APTV opened at $58.33 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. Aptiv PLC has a 1-year low of $51.68 and a 1-year high of $88.93. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.08 and a beta of 1.46. The business has a 50-day moving average of $61.78 and a 200-day moving average of $68.05.

Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.62 by $0.09. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $1.69 EPS. On average, equities analysts anticipate that Aptiv PLC will post 5.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on APTV shares. BNP Paribas Exane dropped their price target on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Aptiv from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. HSBC dropped their price objective on Aptiv from $81.32 to $75.00 and set a “buy” rating for the company in a report on Monday, April 27th. Weiss Ratings cut Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, July 1st. Finally, President Capital began coverage on Aptiv in a research report on Wednesday, March 25th. They set a “buy” rating and a $82.50 price target for the company. Twenty-two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

Insider Transactions at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the sale, the executive vice president owned 163,752 shares of the company’s stock, valued at $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by company insiders.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.