Royal Bank of Canada Has $55.22 Million Position in Aptiv PLC $APTV

Royal Bank of Canada lifted its position in shares of Aptiv PLC (NYSE:APTV) by 6.9% in the first quarter, HoldingsChannel reports. The fund owned 795,165 shares of the auto parts company’s stock after buying an additional 51,118 shares during the period. Royal Bank of Canada’s holdings in Aptiv were worth $55,217,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Larson Financial Group LLC lifted its stake in shares of Aptiv by 240.0% in the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 252 shares during the period. Atlas Capital Advisors Inc. acquired a new position in shares of Aptiv during the fourth quarter worth about $33,000. DV Equities LLC acquired a new position in Aptiv during the 4th quarter worth approximately $33,000. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in Aptiv by 60.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 180 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 398 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Aptiv from $82.00 to $77.00 and set an “overweight” rating on the stock in a report on Thursday, June 25th. Barclays dropped their price target on Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. HSBC cut their price objective on shares of Aptiv from $81.32 to $75.00 and set a “buy” rating for the company in a report on Monday, April 27th. Zacks Research raised Aptiv from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Finally, Citigroup reduced their price target on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Twenty-two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

Aptiv Trading Down 2.7%

NYSE:APTV opened at $56.51 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. The firm’s fifty day moving average is $62.12 and its 200-day moving average is $66.90. Aptiv PLC has a 52 week low of $51.68 and a 52 week high of $88.93. The firm has a market cap of $11.96 billion, a P/E ratio of 33.44, a P/E/G ratio of 1.05 and a beta of 1.46.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same period in the previous year, the firm earned $1.69 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. Equities analysts expect that Aptiv PLC will post 5.93 earnings per share for the current year.

Aptiv Company Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.