Massachusetts Financial Services Co. MA Cuts Stock Position in Aptiv PLC (NYSE:APTV)

Massachusetts Financial Services Co. MA lessened its holdings in Aptiv PLC (NYSE:APTV) by 1.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 14,130,993 shares of the auto parts company’s stock after selling 158,133 shares during the period. Massachusetts Financial Services Co. MA owned 0.06% of Aptiv worth $840,794,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Covestor Ltd increased its holdings in shares of Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 186 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of Aptiv by 5.4% in the first quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company’s stock worth $234,000 after purchasing an additional 201 shares during the last quarter. Horizon Investments LLC increased its holdings in shares of Aptiv by 6.1% in the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock worth $231,000 after purchasing an additional 219 shares during the last quarter. OLD Second National Bank of Aurora increased its holdings in shares of Aptiv by 1.0% in the first quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company’s stock worth $1,461,000 after purchasing an additional 239 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Aptiv by 0.5% during the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company’s stock worth $3,128,000 after acquiring an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on APTV shares. Bank of America boosted their price objective on Aptiv from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, June 16th. Piper Sandler set a $70.00 target price on Aptiv and gave the company a “neutral” rating in a research report on Thursday, May 22nd. Wells Fargo & Company boosted their price target on Aptiv from $85.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Barclays upped their target price on Aptiv from $55.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Finally, Guggenheim lowered Aptiv from a “buy” rating to a “neutral” rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $79.81.

Aptiv Stock Performance

Shares of APTV stock opened at $69.24 on Monday. The firm has a market capitalization of $15.08 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 0.77 and a beta of 1.46. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.61 and a quick ratio of 1.11. The business has a fifty day moving average of $67.53 and a 200 day moving average of $62.98. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $80.95.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.16 EPS. As a group, research analysts expect that Aptiv PLC will post 7.2 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.