Aptiv PLC (NYSE:APTV) Shares Sold by Montecito Bank & Trust

Montecito Bank & Trust decreased its position in Aptiv PLC (NYSE:APTV) by 7.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,486 shares of the auto parts company’s stock after selling 502 shares during the period. Montecito Bank & Trust’s holdings in Aptiv were worth $524,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in APTV. Norges Bank acquired a new stake in shares of Aptiv in the fourth quarter valued at $380,134,000. TimesSquare Capital Management LLC acquired a new stake in shares of Aptiv in the first quarter valued at $55,571,000. American Century Companies Inc. lifted its holdings in shares of Aptiv by 30.1% in the fourth quarter. American Century Companies Inc. now owns 2,321,374 shares of the auto parts company’s stock valued at $142,927,000 after buying an additional 536,906 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of Aptiv by 7.2% in the first quarter. Artisan Partners Limited Partnership now owns 7,567,450 shares of the auto parts company’s stock valued at $601,537,000 after buying an additional 507,774 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in shares of Aptiv by 27.0% in the fourth quarter. APG Asset Management N.V. now owns 1,956,790 shares of the auto parts company’s stock valued at $105,393,000 after buying an additional 415,673 shares during the period. Institutional investors and hedge funds own 94.34% of the company’s stock.

Several equities research analysts have recently commented on APTV shares. Buckingham Research upped their target price on SYSCO from $82.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. KeyCorp upped their target price on WPX Energy from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Morgan Stanley set a $103.00 target price on Nike and gave the company a “buy” rating in a report on Friday, June 28th. Jefferies Financial Group set a $80.00 target price on Foot Locker and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Robert W. Baird upped their target price on Aptiv from $103.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Aptiv presently has a consensus rating of “Buy” and an average target price of $90.76.

NYSE:APTV traded up $2.11 during trading hours on Tuesday, hitting $82.20. 1,639,300 shares of the company’s stock traded hands, compared to its average volume of 1,671,980. The stock has a market cap of $21.31 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.45 and a beta of 2.06. Aptiv PLC has a twelve month low of $58.80 and a twelve month high of $98.77. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 1.20. The stock has a fifty day moving average price of $77.88.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.05. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.46 billion. Aptiv had a return on equity of 35.66% and a net margin of 6.95%. Aptiv’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 earnings per share. As a group, research analysts predict that Aptiv PLC will post 4.97 EPS for the current year.

Aptiv Company Profile

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

Recommended Story: Outperform Rating

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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