First National Trust Co Sells 684 Shares of Aptiv PLC (NYSE:APTV)

First National Trust Co lessened its position in shares of Aptiv PLC (NYSE:APTV) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,601 shares of the auto parts company’s stock after selling 684 shares during the period. First National Trust Co’s holdings in Aptiv were worth $2,132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of APTV. Massachusetts Financial Services Co. MA lifted its position in shares of Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after purchasing an additional 1,764,844 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after buying an additional 905,431 shares during the last quarter. Capital World Investors bought a new position in shares of Aptiv in the 1st quarter valued at about $343,760,000. Clearbridge Investments LLC increased its position in shares of Aptiv by 3.1% in the first quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock valued at $343,728,000 after acquiring an additional 131,431 shares during the last quarter. Finally, EdgePoint Investment Group Inc. bought a new stake in Aptiv during the first quarter worth about $335,426,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays decreased their price target on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Bank of America lowered their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Finally, Wolfe Research assumed coverage on shares of Aptiv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.00.

Aptiv Stock Performance

NYSE APTV opened at $56.38 on Wednesday. The firm has a 50-day moving average price of $67.69 and a two-hundred day moving average price of $71.81. Aptiv PLC has a 12-month low of $52.81 and a 12-month high of $91.66. The company has a market capitalization of $13.25 billion, a P/E ratio of 6.29, a P/E/G ratio of 0.50 and a beta of 1.81. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the company posted $1.30 earnings per share. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts anticipate that Aptiv PLC will post 6.18 earnings per share for the current year.

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.