First National Trust Co Sells 7,089 Shares of Aptiv PLC (NYSE:APTV)

First National Trust Co decreased its position in Aptiv PLC (NYSE:APTV) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,944 shares of the auto parts company’s stock after selling 7,089 shares during the quarter. First National Trust Co’s holdings in Aptiv were worth $3,045,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Gradient Investments LLC increased its position in Aptiv by 36.1% during the fourth quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock worth $13,902,000 after acquiring an additional 41,135 shares during the period. International Assets Investment Management LLC bought a new position in Aptiv during the fourth quarter worth $13,120,000. Arbor Wealth Advisors LLC bought a new position in Aptiv during the fourth quarter worth $1,875,000. Douglas Lane & Associates LLC increased its position in Aptiv by 20.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company’s stock worth $33,973,000 after acquiring an additional 65,354 shares during the period. Finally, OLD National Bancorp IN increased its position in Aptiv by 23.7% during the fourth quarter. OLD National Bancorp IN now owns 70,926 shares of the auto parts company’s stock worth $6,363,000 after acquiring an additional 13,579 shares during the period. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APTV. Guggenheim dropped their target price on shares of Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. JPMorgan Chase & Co. decreased their price target on shares of Aptiv from $110.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday, April 22nd. Morgan Stanley downgraded shares of Aptiv from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $90.00 to $74.00 in a research note on Wednesday, February 7th. Oppenheimer decreased their price target on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Citigroup decreased their price target on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $109.29.

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the sale, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is owned by corporate insiders.

Aptiv Price Performance

Shares of NYSE:APTV traded up $3.03 on Friday, hitting $80.82. The stock had a trading volume of 4,769,688 shares, compared to its average volume of 2,564,622. The firm’s 50 day moving average price is $76.05 and its 200-day moving average price is $80.83. The company has a market capitalization of $22.04 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 0.94 and a beta of 1.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.22 and a current ratio of 1.29. Aptiv PLC has a twelve month low of $68.84 and a twelve month high of $113.60.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. On average, equities research analysts predict that Aptiv PLC will post 5.95 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.