WASHINGTON TRUST Co Sells 17,872 Shares of Aptiv PLC $APTV

WASHINGTON TRUST Co lessened its holdings in shares of Aptiv PLC (NYSE:APTV) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 127,100 shares of the auto parts company’s stock after selling 17,872 shares during the period. WASHINGTON TRUST Co owned 0.06% of Aptiv worth $5,468,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Yousif Capital Management LLC raised its position in Aptiv by 9.0% during the 3rd quarter. Yousif Capital Management LLC now owns 26,913 shares of the auto parts company’s stock worth $1,158,000 after purchasing an additional 2,212 shares during the last quarter. Root Financial Partners LLC acquired a new position in Aptiv during the 3rd quarter worth about $84,000. Reyes Financial Architecture Inc. bought a new stake in shares of Aptiv in the 3rd quarter valued at about $36,000. Shayne & Jacobs LLC grew its position in shares of Aptiv by 19.3% in the 3rd quarter. Shayne & Jacobs LLC now owns 74,510 shares of the auto parts company’s stock valued at $3,205,000 after buying an additional 12,030 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in shares of Aptiv by 7.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 75,789 shares of the auto parts company’s stock valued at $3,260,000 after buying an additional 5,003 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Down 2.5%

Shares of NYSE:APTV traded down $1.11 during mid-day trading on Friday, hitting $42.70. The company had a trading volume of 2,993,793 shares, compared to its average volume of 2,687,397. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.33. Aptiv PLC has a one year low of $41.88 and a one year high of $88.93. The firm has a fifty day moving average price of $45.09 and a 200 day moving average price of $54.30. The company has a market capitalization of $8.87 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 0.85 and a beta of 1.48.

Aptiv (NYSE:APTV) last issued its earnings results on Tuesday, August 4th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.21. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.31 billion. Aptiv had a net margin of 1.17% and a return on equity of 17.10%. Aptiv’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.12 earnings per share. Aptiv has set its FY 2026 guidance at 5.600-5.800 EPS and its Q3 2026 guidance at 1.250-1.350 EPS. As a group, research analysts forecast that Aptiv PLC will post 5.68 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APTV. Wells Fargo & Company lowered their price objective on Aptiv from $77.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Argus set a $64.00 price objective on Aptiv in a research note on Thursday, August 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $56.00 target price (down from $65.00) on shares of Aptiv in a report on Tuesday, September 15th. TD Cowen decreased their target price on shares of Aptiv from $90.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Finally, Morgan Stanley lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $71.00 to $55.00 in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $72.60.

Aptiv Profile

Aptiv PLC (NYSE: APTV) is a global automotive technology company that develops systems and software intended to make vehicles safer, more connected and increasingly automated. Its solutions are used by automakers in passenger vehicles and commercial vehicles worldwide.

The company’s product portfolio includes advanced driver-assistance and active-safety systems, vehicle computing platforms, infotainment and connectivity technologies, automated-driving solutions, and electrical and electronic distribution systems.