M&T Bank Corp Trims Stock Position in Aptiv PLC (NYSE:APTV)

M&T Bank Corp cut its stake in shares of Aptiv PLC (NYSE:APTV – Get Rating) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 177,062 shares of the auto parts company’s stock after selling 1,969 shares during the period. M&T Bank Corp owned approximately 0.07% of Aptiv worth $13,850,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APTV. Glenmede Trust Co. NA increased its position in Aptiv by 0.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 94,137 shares of the auto parts company’s stock worth $7,362,000 after purchasing an additional 243 shares during the period. Captrust Financial Advisors grew its holdings in Aptiv by 171.9% during the 3rd quarter. Captrust Financial Advisors now owns 27,122 shares of the auto parts company’s stock valued at $2,121,000 after buying an additional 17,147 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of Aptiv by 4.9% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,709 shares of the auto parts company’s stock worth $759,000 after purchasing an additional 453 shares during the period. Kentucky Retirement Systems lifted its stake in shares of Aptiv by 5.5% during the 3rd quarter. Kentucky Retirement Systems now owns 21,208 shares of the auto parts company’s stock worth $1,659,000 after purchasing an additional 1,100 shares during the period. Finally, Balyasny Asset Management LLC raised its position in shares of Aptiv by 244.4% in the 3rd quarter. Balyasny Asset Management LLC now owns 1,852,385 shares of the auto parts company’s stock worth $144,875,000 after buying an additional 1,314,527 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on APTV shares. Guggenheim increased their target price on Aptiv from $138.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, February 15th. StockNews.com started coverage on Aptiv in a research report on Thursday. They issued a “hold” rating on the stock. Cowen increased their price target on Aptiv from $134.00 to $144.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th. Oppenheimer lowered their target price on Aptiv from $159.00 to $152.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Finally, Wolfe Research downgraded Aptiv from an “outperform” rating to a “peer perform” rating in a research note on Friday, February 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and an average target price of $135.76.

Aptiv Price Performance

Shares of Aptiv stock opened at $108.76 on Thursday. Aptiv PLC has a twelve month low of $77.96 and a twelve month high of $129.18. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.72. The company has a 50-day simple moving average of $111.33 and a two-hundred day simple moving average of $100.07. The stock has a market capitalization of $29.47 billion, a price-to-earnings ratio of 55.77, a price-to-earnings-growth ratio of 2.33 and a beta of 2.04.

Aptiv (NYSE:APTV – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The auto parts company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.08. Aptiv had a net margin of 3.40% and a return on equity of 11.29%. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the company earned $0.56 EPS. The business’s revenue was up 12.2% on a year-over-year basis. Analysts forecast that Aptiv PLC will post 4.37 EPS for the current year.

Insider Buying and Selling at Aptiv

In related news, COO William T. Presley sold 7,000 shares of Aptiv stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $120.00, for a total transaction of $840,000.00. Following the sale, the chief operating officer now directly owns 62,833 shares in the company, valued at approximately $7,539,960. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, COO William T. Presley sold 7,000 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $120.00, for a total transaction of $840,000.00. Following the transaction, the chief operating officer now owns 62,833 shares in the company, valued at approximately $7,539,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin P. Clark sold 6,665 shares of the business’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $95.34, for a total transaction of $635,441.10. Following the transaction, the chief executive officer now owns 559,237 shares in the company, valued at approximately $53,317,655.58. The disclosure for this sale can be found here. Insiders have sold a total of 26,995 shares of company stock valued at $3,024,121 in the last ninety days. 0.41% of the stock is currently owned by company insiders.

Aptiv Company Profile

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Aptiv Plc is a technology and mobility architecture company, which engages in the business of designing and manufacturing vehicle components; providing electrical, electronic, and active safety technology solutions to the global automotive and commercial vehicle markets; and creating the software and hardware foundation for vehicle features and functionality.