First Trust Direct Indexing L.P. Decreases Holdings in Aptiv PLC (NYSE:APTV)

First Trust Direct Indexing L.P. lessened its holdings in shares of Aptiv PLC (NYSE:APTV) by 17.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,210 shares of the auto parts company’s stock after selling 687 shares during the period. First Trust Direct Indexing L.P.’s holdings in Aptiv were worth $288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APTV. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Aptiv during the 4th quarter worth approximately $29,000. GAMMA Investing LLC purchased a new stake in Aptiv in the 4th quarter valued at $32,000. Harvest Fund Management Co. Ltd purchased a new stake in Aptiv in the 4th quarter valued at $47,000. Huntington National Bank raised its position in Aptiv by 248.9% in the 3rd quarter. Huntington National Bank now owns 642 shares of the auto parts company’s stock valued at $63,000 after purchasing an additional 458 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in Aptiv in the 3rd quarter valued at $82,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the sale, the senior vice president now owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Aptiv Stock Down 1.7 %

APTV opened at $83.01 on Wednesday. The firm has a 50 day moving average price of $76.35 and a 200 day moving average price of $80.42. The company has a market cap of $22.58 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 0.97 and a beta of 1.90. Aptiv PLC has a 1 year low of $68.84 and a 1 year high of $113.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Sell-side analysts expect that Aptiv PLC will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

APTV has been the subject of several research reports. Robert W. Baird upped their price target on shares of Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. UBS Group boosted their price objective on shares of Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Morgan Stanley cut shares of Aptiv from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $90.00 to $74.00 in a research note on Wednesday, February 7th. Guggenheim dropped their price objective on shares of Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada lowered their price target on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.15.

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.