Moody National Bank Trust Division Buys New Holdings in Aptiv PLC (NYSE:APTV)

Moody National Bank Trust Division bought a new stake in shares of Aptiv PLC (NYSE:APTVGet Rating) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,758 shares of the auto parts company’s stock, valued at approximately $246,000.

Several other institutional investors also recently bought and sold shares of APTV. Tyler Stone Wealth Management bought a new position in shares of Aptiv in the 4th quarter worth approximately $27,000. Hanson & Doremus Investment Management increased its position in Aptiv by 137.4% during the 1st quarter. Hanson & Doremus Investment Management now owns 216 shares of the auto parts company’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. MCF Advisors LLC increased its position in Aptiv by 1,204.5% during the 4th quarter. MCF Advisors LLC now owns 287 shares of the auto parts company’s stock valued at $47,000 after buying an additional 265 shares in the last quarter. Karlinski Andrew C bought a new position in Aptiv during the 1st quarter valued at approximately $38,000. Finally, Glassman Wealth Services bought a new position in Aptiv during the 4th quarter valued at approximately $56,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Price Performance

NYSE APTV opened at $93.03 on Wednesday. The company has a market capitalization of $25.20 billion, a PE ratio of 221.50, a price-to-earnings-growth ratio of 2.66 and a beta of 2.01. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.04 and a current ratio of 2.63. The business’s fifty day moving average is $98.46 and its 200 day moving average is $101.80. Aptiv PLC has a fifty-two week low of $84.14 and a fifty-two week high of $180.81.

Aptiv (NYSE:APTVGet Rating) last released its earnings results on Thursday, August 4th. The auto parts company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.36). The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Aptiv had a net margin of 1.10% and a return on equity of 6.01%. Aptiv’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. Sell-side analysts predict that Aptiv PLC will post 3.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

APTV has been the subject of a number of analyst reports. Oppenheimer reduced their price objective on Aptiv from $172.00 to $162.00 and set an “outperform” rating for the company in a research report on Monday, August 8th. Cowen reduced their price objective on Aptiv to $130.00 in a research report on Tuesday, August 9th. Raymond James cut their target price on Aptiv from $158.00 to $145.00 in a research note on Friday, August 5th. Guggenheim cut their target price on Aptiv from $180.00 to $173.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th. Finally, Bank of America cut their target price on Aptiv from $165.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, September 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.11.

Insider Activity at Aptiv

In related news, CEO Kevin P. Clark sold 6,665 shares of Aptiv stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $97.03, for a total transaction of $646,704.95. Following the transaction, the chief executive officer now directly owns 612,557 shares in the company, valued at $59,436,405.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 19,995 shares of company stock worth $1,887,195. Corporate insiders own 0.41% of the company’s stock.

About Aptiv

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Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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