HM Payson & Co. Has $566,000 Stock Holdings in Aptiv PLC (NYSE:APTV)

HM Payson & Co. decreased its position in Aptiv PLC (NYSE:APTV) by 28.8% in the 1st quarter, HoldingsChannel reports. The fund owned 7,104 shares of the auto parts company’s stock after selling 2,867 shares during the period. HM Payson & Co.’s holdings in Aptiv were worth $566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of APTV. Financial Advocates Investment Management lifted its position in Aptiv by 5.9% in the fourth quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock worth $211,000 after purchasing an additional 132 shares during the period. Broderick Brian C boosted its position in shares of Aptiv by 0.6% during the 1st quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock valued at $1,731,000 after acquiring an additional 132 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Aptiv by 2.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock valued at $578,000 after acquiring an additional 145 shares during the period. EverSource Wealth Advisors LLC raised its position in Aptiv by 11.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock worth $130,000 after purchasing an additional 146 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in Aptiv by 27.3% during the first quarter. Lindbrook Capital LLC now owns 812 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 174 shares during the period. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Down 4.8 %

APTV stock traded down $3.50 during trading on Friday, hitting $69.63. The company had a trading volume of 6,391,902 shares, compared to its average volume of 3,260,238. The stock has a market cap of $18.94 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 0.66 and a beta of 1.79. The company has a quick ratio of 0.89, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $73.36 and a 200-day moving average price of $76.84. Aptiv PLC has a 12 month low of $65.13 and a 12 month high of $113.14.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.16. The business had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 earnings per share. As a group, analysts predict that Aptiv PLC will post 6.3 earnings per share for the current year.

Insider Activity

In related news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the sale, the director now directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

APTV has been the topic of several analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $145.00 price objective on shares of Aptiv in a research note on Tuesday, July 9th. The Goldman Sachs Group lowered their price target on Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Evercore ISI cut their price objective on Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 15th. Barclays lowered their target price on shares of Aptiv from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Finally, Guggenheim lifted their price target on shares of Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and an average price target of $97.14.

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.