Wahed Invest LLC Trims Stock Position in Aptiv PLC (NYSE:APTV)

Wahed Invest LLC cut its holdings in shares of Aptiv PLC (NYSE:APTV) by 31.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,279 shares of the auto parts company’s stock after selling 2,473 shares during the quarter. Wahed Invest LLC’s holdings in Aptiv were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its stake in Aptiv by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock worth $40,881,000 after acquiring an additional 26,933 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Aptiv during the fourth quarter worth about $13,120,000. Janney Montgomery Scott LLC increased its stake in Aptiv by 36.6% during the first quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock worth $3,818,000 after acquiring an additional 12,835 shares during the last quarter. FIFTHDELTA Ltd acquired a new stake in Aptiv during the fourth quarter worth about $50,767,000. Finally, Trillium Asset Management LLC increased its stake in Aptiv by 33.1% during the fourth quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock worth $32,411,000 after acquiring an additional 89,786 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on APTV shares. Wells Fargo & Company dropped their price target on Aptiv from $82.00 to $78.00 and set an “equal weight” rating for the company in a research note on Friday. StockNews.com lowered Aptiv from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Evercore ISI lowered their target price on Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, July 15th. UBS Group lowered their target price on Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. lowered their target price on Aptiv from $113.00 to $104.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $97.14.

Insiders Place Their Bets

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the transaction, the director now owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.34% of the stock is currently owned by company insiders.

Aptiv Stock Performance

NYSE:APTV traded down $3.50 during trading hours on Friday, reaching $69.63. 6,391,878 shares of the stock were exchanged, compared to its average volume of 2,890,505. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $73.62 and a 200-day simple moving average of $76.95. Aptiv PLC has a 52 week low of $65.13 and a 52 week high of $113.14. The stock has a market capitalization of $18.94 billion, a P/E ratio of 6.54, a P/E/G ratio of 0.67 and a beta of 1.79.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter last year, the business posted $1.25 EPS. Aptiv’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Aptiv PLC will post 5.94 earnings per share for the current fiscal 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.