Aptiv PLC (NYSE:APTV) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Aptiv PLC (NYSE:APTV) by 4.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 722,962 shares of the auto parts company’s stock after buying an additional 31,531 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Aptiv were worth $52,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new stake in shares of Aptiv during the second quarter worth approximately $25,000. Clearstead Trust LLC grew its holdings in Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 305 shares in the last quarter. Crewe Advisors LLC increased its position in shares of Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 215 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Aptiv during the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of APTV stock opened at $52.93 on Friday. Aptiv PLC has a 52-week low of $52.14 and a 52-week high of $91.66. The stock’s 50-day moving average price is $66.82 and its 200 day moving average price is $71.48. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $12.44 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping 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 quarter in the prior year, the business earned $1.30 earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that Aptiv PLC will post 6.18 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on APTV. Morgan Stanley cut their price target on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday. Oppenheimer cut their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Fox Advisors downgraded Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Barclays cut their price objective on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Finally, Robert W. Baird lowered their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $86.53.

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.