Aptiv PLC (NYSE:APTV) Shares Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co lowered its position in shares of Aptiv PLC (NYSE:APTV) by 2.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 163,831 shares of the auto parts company’s stock after selling 4,331 shares during the quarter. WASHINGTON TRUST Co’s holdings in Aptiv were worth $11,797,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital World Investors purchased a new stake in shares of Aptiv in the first quarter worth about $343,760,000. EdgePoint Investment Group Inc. acquired a new stake in Aptiv in the first quarter valued at approximately $335,426,000. Massachusetts Financial Services Co. MA raised its stake in shares of Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after purchasing an additional 1,764,844 shares during the period. Ariel Investments LLC acquired a new position in shares of Aptiv during the first quarter worth $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of 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 purchasing an additional 905,431 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on APTV shares. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $78.00 to $87.00 in a research report on Friday, September 20th. StockNews.com assumed coverage on Aptiv in a report on Saturday. They set a “hold” rating on the stock. Oppenheimer reiterated an “outperform” rating and set a $145.00 target price on shares of Aptiv in a research note on Tuesday, July 9th. JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and an average target price of $95.50.

Aptiv Stock Performance

Shares of Aptiv stock traded up $0.36 on Wednesday, reaching $69.51. 785,853 shares of the company were exchanged, compared to its average volume of 2,943,524. The firm has a market cap of $18.91 billion, a price-to-earnings ratio of 6.52, a P/E/G ratio of 0.65 and a beta of 1.79. Aptiv PLC has a 1-year low of $63.62 and a 1-year high of $91.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. The company’s 50-day moving average is $70.20 and its two-hundred day moving average is $72.66.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same period last year, the company earned $1.25 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, research analysts expect that Aptiv PLC will post 6.28 earnings per share for the current fiscal year.

Aptiv Company 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.