Aptiv PLC (NYSE:APTV) Shares Sold by Hemenway Trust Co LLC

Hemenway Trust Co LLC lowered its position in Aptiv PLC (NYSE:APTV) by 48.3% during the third quarter, Holdings Channel.com reports. The fund owned 31,358 shares of the auto parts company’s stock after selling 29,295 shares during the quarter. Hemenway Trust Co LLC’s holdings in Aptiv were worth $2,258,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in APTV. Independence Bank of Kentucky acquired a new stake in Aptiv during the 2nd quarter worth approximately $25,000. Crewe Advisors LLC increased its stake 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 last quarter. Clearstead Trust LLC grew its position in shares of Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 305 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Aptiv in the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of NYSE:APTV traded up $0.54 on Tuesday, hitting $56.47. 189,552 shares of the company were exchanged, compared to its average volume of 3,081,804. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The company’s 50 day moving average price is $67.69 and its two-hundred day moving average price is $71.81. Aptiv PLC has a one year low of $52.81 and a one year high of $91.66. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 0.50 and a beta of 1.81.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion for 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%. Aptiv’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.30 EPS. Research analysts expect that Aptiv PLC will post 6.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. StockNews.com began coverage on shares of Aptiv in a report on Monday. They issued a “hold” rating on the stock. Oppenheimer dropped their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wolfe Research started coverage on Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective for the company. TD Cowen reduced their price target on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average 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.