Aptiv PLC (NYSE:APTV) Shares Purchased by Avalon Trust Co

Avalon Trust Co raised its holdings in shares of Aptiv PLC (NYSE:APTV) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,485 shares of the auto parts company’s stock after buying an additional 4,185 shares during the period. Avalon Trust Co’s holdings in Aptiv were worth $7,042,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of APTV. Vanguard Group Inc. boosted its holdings in Aptiv by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after acquiring an additional 1,265,774 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Aptiv by 65.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,158,382 shares of the auto parts company’s stock valued at $193,650,000 after purchasing an additional 850,294 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Aptiv by 138.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock worth $127,121,000 after buying an additional 747,666 shares during the period. Impax Asset Management Group plc lifted its holdings in Aptiv by 10.7% in the 3rd quarter. Impax Asset Management Group plc now owns 6,790,225 shares of the auto parts company’s stock worth $668,843,000 after buying an additional 656,845 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in Aptiv in the 3rd quarter valued at about $52,529,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on APTV shares. Oppenheimer dropped their target price on Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday. Wells Fargo & Company reduced their target price on Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. Citigroup dropped their price target on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Piper Sandler decreased their price objective on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. Finally, Robert W. Baird upped their target price on shares of Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $109.29.

Aptiv Stock Performance

Shares of Aptiv stock traded up $3.03 on Friday, reaching $80.82. 4,769,688 shares of the company were exchanged, compared to its average volume of 2,564,622. Aptiv PLC has a 1-year low of $68.84 and a 1-year high of $113.60. The firm has a market cap of $22.04 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 0.94 and a beta of 1.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.22 and a current ratio of 1.29. The company’s 50-day moving average is $76.05 and its two-hundred day moving average is $80.83.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. The company had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. As a group, research analysts expect that Aptiv PLC will post 5.95 earnings per share for the current fiscal year.

Insider Buying and Selling at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by company insiders.

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.