Whittier Trust Co. of Nevada Inc. Decreases Stake in Aptiv PLC (NYSE:APTV)

Whittier Trust Co. of Nevada Inc. cut its holdings in Aptiv PLC (NYSE:APTV) by 54.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,769 shares of the auto parts company’s stock after selling 7,976 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Aptiv were worth $409,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its position in Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Aptiv by 1,390.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Franklin Resources Inc. boosted its position in Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after purchasing an additional 1,090,766 shares in the last quarter. Victory Capital Management Inc. boosted its position in Aptiv by 6.1% during the fourth quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock worth $234,799,000 after purchasing an additional 223,831 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Aptiv by 19.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock worth $172,117,000 after purchasing an additional 468,069 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.45% of the company’s stock.

Aptiv Price Performance

APTV stock opened at $62.40 on Friday. The stock has a 50-day moving average price of $63.82 and a two-hundred day moving average price of $63.19. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $85.56. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The company has a market cap of $14.32 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, research analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APTV. Evercore ISI decreased their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. Barclays boosted their price target on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. TD Cowen assumed coverage on Aptiv in a report on Friday, March 7th. They issued a “buy” rating and a $90.00 price target for the company. Finally, UBS Group boosted their price target on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $86.61.

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.