Aptiv PLC $APTV Position Lifted by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. lifted its stake in Aptiv PLC (NYSE:APTV) by 73.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,000 shares of the auto parts company’s stock after buying an additional 44,000 shares during the quarter. Inspire Trust Co. N.A. owned about 0.05% of Aptiv worth $4,474,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Ameritas Advisory Services LLC bought a new stake in Aptiv during the 2nd quarter valued at approximately $29,000. Eastern Bank raised its position in shares of Aptiv by 702.9% during the second quarter. Eastern Bank now owns 546 shares of the auto parts company’s stock valued at $34,000 after buying an additional 478 shares during the last quarter. Evelyn Partners Investment Management Services Ltd raised its position in shares of Aptiv by 108.7% during the first quarter. Evelyn Partners Investment Management Services Ltd now owns 576 shares of the auto parts company’s stock valued at $40,000 after buying an additional 300 shares during the last quarter. Provenance Wealth Advisors LLC boosted its position in shares of Aptiv by 9,171.4% during the third quarter. Provenance Wealth Advisors LLC now owns 649 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 642 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of Aptiv by 175.5% during the third quarter. Covestor Ltd now owns 719 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 458 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on APTV. Royal Bank Of Canada decreased their price target on shares of Aptiv from $77.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 4th. Citigroup reduced their price objective on Aptiv from $77.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, November 6th. Barclays lowered their target price on Aptiv from $60.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, November 4th. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Wednesday, August 5th. Finally, UBS Group decreased their price target on shares of Aptiv from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.02.

Aptiv Price Performance

Shares of Aptiv stock opened at $39.60 on Wednesday. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 6.03, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.26 and a current ratio of 1.97. The stock has a 50 day moving average price of $43.90 and a 200-day moving average price of $58.58. Aptiv PLC has a one year low of $39.05 and a one year high of $88.93.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Aptiv had a return on equity of 15.44% and a net margin of 4.60%. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the company earned $2.17 earnings per share. Aptiv’s revenue was up 2.3% on a year-over-year basis. Equities analysts expect that Aptiv PLC will post 5.64 EPS for the current year.

About Aptiv

Aptiv plc is a global automotive technology supplier that develops software, electrical systems and components for vehicle manufacturers. Its products and services support vehicle connectivity, safety, electrification and automation. The company’s offerings include vehicle electrical architectures, wiring and connection systems, advanced driver-assistance technologies, and software and computing platforms. Aptiv serves automakers and other customers across multiple regions worldwide. Aptiv took its current name in 2017, when Delphi Automotive separated its powertrain business, which became Delphi Technologies.