Aptiv PLC (NYSE:APTV) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC lowered its holdings in Aptiv PLC (NYSE:APTV) by 10.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,135 shares of the auto parts company’s stock after selling 478 shares during the quarter. Summit Trail Advisors LLC’s holdings in Aptiv were worth $291,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in Aptiv in the 1st quarter valued at about $25,000. Independence Bank of Kentucky purchased a new stake in shares of Aptiv in the 2nd quarter worth about $25,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Aptiv in the first quarter valued at about $28,000. Crewe Advisors LLC grew its holdings in Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after buying an additional 215 shares during the last quarter. Finally, Clearstead Trust LLC boosted its stake in shares of Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 305 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Performance

Shares of NYSE APTV opened at $71.54 on Tuesday. Aptiv PLC has a 12-month low of $63.62 and a 12-month high of $100.88. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. The company has a market cap of $19.46 billion, a PE ratio of 6.74, a P/E/G ratio of 0.60 and a beta of 1.79. The stock has a 50 day simple moving average of $69.52 and a 200-day simple moving average of $73.96.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. During the same period in the previous year, the firm earned $1.25 EPS. Aptiv’s revenue was down 2.9% on a year-over-year basis. On average, equities research analysts forecast that Aptiv PLC will post 6.28 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on APTV shares. Bank of America dropped their target price on Aptiv from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $74.00 price objective on shares of Aptiv in a report on Tuesday, September 10th. StockNews.com downgraded shares of Aptiv from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Royal Bank of Canada increased their price target on shares of Aptiv from $85.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group lowered their price target on Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and a consensus price target of $95.44.

About Aptiv

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.