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

Inspire Trust Co. N.A. increased its position in shares of Aptiv PLC (NYSE:APTV) by 73.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,000 shares of the auto parts company’s stock after buying an additional 44,000 shares during the period. Inspire Trust Co. N.A.’s holdings in Aptiv were worth $4,474,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in APTV. Provenance Wealth Advisors LLC lifted its position in shares of Aptiv by 9,171.4% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 649 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 642 shares during the period. Ameritas Advisory Services LLC purchased a new position in Aptiv in the second quarter valued at about $29,000. Covestor Ltd lifted its holdings in shares of Aptiv by 175.5% during the 3rd quarter. Covestor Ltd now owns 719 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 458 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Aptiv in the third quarter worth $32,000. Finally, Eastern Bank raised its stake in shares of Aptiv by 702.9% in the second quarter. Eastern Bank now owns 546 shares of the auto parts company’s stock worth $34,000 after purchasing an additional 478 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on APTV shares. HSBC lowered Aptiv from a “strong-buy” rating to a “hold” rating in a report on Friday, November 6th. Evercore reiterated an “outperform” rating and issued a $70.00 price objective on shares of Aptiv in a report on Monday, August 10th. UBS Group reduced their target price on shares of Aptiv from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Morgan Stanley decreased their price target on shares of Aptiv from $55.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 4th. Finally, Robert W. Baird set a $59.00 price objective on shares of Aptiv in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.02.

Aptiv Stock Performance

Aptiv stock opened at $39.60 on Wednesday. The firm has a 50 day simple moving average of $43.90 and a 200-day simple moving average of $58.58. 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 current ratio of 1.97 and a quick ratio of 1.26. Aptiv PLC has a 1-year low of $39.05 and a 1-year high of $88.93.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.33 by $0.09. Aptiv had a net margin of 4.60% and a return on equity of 15.44%. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the previous year, the company earned $2.17 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts expect that Aptiv PLC will post 5.64 EPS for the current year.

Aptiv Profile

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.