Brown Advisory Inc. Lowers Stock Holdings in Aptiv PLC (NYSE:APTV)

Brown Advisory Inc. lowered its stake in Aptiv PLC (NYSE:APTV) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,609 shares of the auto parts company’s stock after selling 445 shares during the period. Brown Advisory Inc.’s holdings in Aptiv were worth $631,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of APTV. Davidson Investment Advisors boosted its position in Aptiv by 11.8% during the 1st quarter. Davidson Investment Advisors now owns 242,427 shares of the auto parts company’s stock valued at $14,424,000 after acquiring an additional 25,602 shares in the last quarter. Gibraltar Capital Management Inc. raised its holdings in Aptiv by 7.3% in the 1st quarter. Gibraltar Capital Management Inc. now owns 139,415 shares of the auto parts company’s stock worth $8,295,000 after acquiring an additional 9,535 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Aptiv by 89.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company’s stock valued at $1,333,000 after buying an additional 10,585 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Aptiv by 5.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 303,652 shares of the auto parts company’s stock valued at $18,067,000 after buying an additional 15,849 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC grew its position in shares of Aptiv by 9.9% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 26,342 shares of the auto parts company’s stock valued at $1,567,000 after acquiring an additional 2,365 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APTV. Bank of America boosted their price objective on shares of Aptiv from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, June 16th. Wells Fargo & Company increased their price objective on shares of Aptiv from $85.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Wall Street Zen upgraded shares of Aptiv to a “hold” rating in a research report on Saturday, June 21st. Wolfe Research cut shares of Aptiv from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 2nd. Finally, Morgan Stanley reduced their price objective on shares of Aptiv from $60.00 to $55.00 and set an “underweight” rating on the stock in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.38.

Aptiv Price Performance

NYSE APTV opened at $70.50 on Tuesday. The company has a market cap of $15.35 billion, a PE ratio of 11.67, a P/E/G ratio of 0.77 and a beta of 1.46. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $80.95. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61. The firm’s 50 day moving average price is $67.76 and its 200-day moving average price is $63.05.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. Aptiv’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.16 earnings per share. Sell-side analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

About Aptiv

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.