Czech National Bank Grows Position in Aptiv PLC (NYSE:APTV)

Czech National Bank grew its stake in Aptiv PLC (NYSE:APTV) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,845 shares of the auto parts company’s stock after acquiring an additional 2,749 shares during the quarter. Czech National Bank’s holdings in Aptiv were worth $3,651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APTV. Riverview Trust Co acquired a new stake in shares of Aptiv during the 1st quarter worth about $25,000. Hazlett Burt & Watson Inc. acquired a new stake in Aptiv during the first quarter worth approximately $28,000. GAMMA Investing LLC purchased a new stake in Aptiv in the 4th quarter worth approximately $32,000. Clearstead Trust LLC raised its holdings in Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 305 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Aptiv during the 1st quarter worth $33,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Activity

In related news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the sale, the director now owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on APTV. Bank of America dropped their target price on Aptiv from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Wells Fargo & Company cut their price objective on shares of Aptiv from $82.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Royal Bank of Canada decreased their target price on shares of Aptiv from $101.00 to $86.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on shares of Aptiv from $104.00 to $107.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Robert W. Baird decreased their price target on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $97.00.

Aptiv Stock Down 0.2 %

NYSE APTV traded down $0.15 during trading hours on Monday, hitting $67.49. The company had a trading volume of 443,237 shares, compared to its average volume of 2,928,196. The firm’s 50 day moving average is $71.97 and its 200 day moving average is $76.40. The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 6.38, a P/E/G ratio of 0.66 and a beta of 1.79. Aptiv PLC has a fifty-two week low of $65.13 and a fifty-two week high of $104.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 0.89.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The business had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 earnings per share. Sell-side analysts anticipate that Aptiv PLC will post 6.3 earnings per share for the current fiscal year.

Aptiv Company 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.