Aptiv PLC $APTV Stock: Sumitomo Mitsui Trust Group Inc. Decreases Position

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Aptiv PLC (NYSE:APTV) by 97.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,435 shares of the auto parts company’s stock after selling 446,236 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Aptiv were worth $535,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new position in shares of Aptiv in the 2nd quarter worth approximately $29,000. Eastern Bank increased its position in shares of Aptiv by 702.9% during the 2nd quarter. Eastern Bank now owns 546 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 478 shares during the last quarter. Evelyn Partners Investment Management Services Ltd raised its holdings in Aptiv by 108.7% during the 1st quarter. Evelyn Partners Investment Management Services Ltd now owns 576 shares of the auto parts company’s stock valued at $40,000 after buying an additional 300 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Aptiv during the 3rd quarter valued at $32,000. Finally, Oslo Pensjonsforsikring AS purchased a new stake in Aptiv during the 1st quarter valued at $54,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 0.1%

Shares of NYSE:APTV opened at $39.48 on Monday. The firm has a market capitalization of $7.99 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 0.77 and a beta of 1.43. The business has a 50 day simple moving average of $44.13 and a two-hundred day simple moving average of $58.97. Aptiv PLC has a 1 year low of $39.40 and a 1 year high of $88.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.97 and a quick ratio of 1.26.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. Aptiv had a return on equity of 15.44% and a net margin of 4.60%. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the business posted $2.17 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts predict that Aptiv PLC will post 5.64 EPS for the current year.

Aptiv News Roundup

Here are the key news stories impacting Aptiv this week:

• Positive Sentiment: Aptiv said it is accelerating its robotics expansion with industry partners, a potential opportunity to broaden growth beyond its core automotive business. Aptiv: Accelerates Robotics Expansion With Industry Partners
• Positive Sentiment: Citigroup lowered its price target to $68 from $77 but maintained a Buy rating; the new target implies 72.2% upside from the cited share price. This signals continued optimism, although the reduced target reflects a more cautious valuation. Citigroup stock recommendations
• Neutral Sentiment: Wall Street analysts are described as moderately optimistic despite Aptiv’s substantial underperformance versus the broader market over the past year. Are Wall Street Analysts Predicting Aptiv Stock Will Climb or Sink?
• Negative Sentiment: Several firms lowered their price targets, including Goldman Sachs, which cut its target to $54, and TD Cowen, which reduced its target to $72. Morgan Stanley and RBC also lowered targets, adding to the cautious tone around valuation. Goldman Sachs lowers Aptiv price target TD Cowen cuts Aptiv price target Morgan Stanley lowers Aptiv price target RBC lowers Aptiv price target

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on APTV shares. Deutsche Bank Aktiengesellschaft downgraded Aptiv from a “buy” rating to a “hold” rating and set a $56.00 price target for the company. in a research report on Wednesday, August 5th. Wells Fargo & Company cut their price objective on shares of Aptiv from $77.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. BNP Paribas Exane reissued an “outperform” rating and issued a $59.00 target price (down from $63.00) on shares of Aptiv in a research note on Wednesday, November 4th. Robert W. Baird set a $59.00 target price on shares of Aptiv in a report on Wednesday, August 5th. Finally, Argus set a $64.00 target price on shares of Aptiv in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.02.

Aptiv Company Profile

Aptiv plc is a global automotive technology supplier that develops software, electrical systems and components for vehicle manufacturers. Its products and services support vehicle connectivity, safety, electrification and automation.

The company’s offerings include vehicle electrical architectures, wiring and connection systems, advanced driver-assistance technologies, and software and computing platforms. Aptiv serves automakers and other customers across multiple regions worldwide.

Aptiv took its current name in 2017, when Delphi Automotive separated its powertrain business, which became Delphi Technologies.