Mutual of America Capital Management LLC Lowers Stake in Aptiv PLC (NYSE:APTV)

Mutual of America Capital Management LLC cut its stake in shares of Aptiv PLC (NYSE:APTV) by 5.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 26,700 shares of the auto parts company’s stock after selling 1,473 shares during the period. Mutual of America Capital Management LLC’s holdings in Aptiv were worth $1,589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in APTV. Mather Group LLC. boosted its stake in Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 385 shares during the last quarter. Versant Capital Management Inc boosted its position in Aptiv by 201.7% during the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company’s stock worth $42,000 after acquiring an additional 470 shares during the last quarter. UMB Bank n.a. purchased a new stake in Aptiv during the 1st quarter valued at about $48,000. Blue Trust Inc. grew its stake in Aptiv by 48.4% during the 1st quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company’s stock valued at $74,000 after acquiring an additional 406 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Aptiv by 164.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company’s stock valued at $81,000 after acquiring an additional 848 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Down 3.0%

Shares of NYSE:APTV opened at $68.16 on Monday. The firm has a market capitalization of $14.84 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.76 and a beta of 1.46. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $80.95. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.61 and a quick ratio of 1.11. The firm’s 50-day moving average is $68.51 and its two-hundred day moving average is $63.30.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.16 EPS. Analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on APTV. Wolfe Research lowered Aptiv from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 2nd. Piper Sandler set a $70.00 target price on Aptiv and gave the company a “neutral” rating in a report on Thursday, May 22nd. Morgan Stanley reduced their price target on Aptiv from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, May 19th. Wall Street Zen raised shares of Aptiv to a “hold” rating in a report on Saturday, June 21st. Finally, Robert W. Baird set a $82.00 price objective on shares of Aptiv and gave the stock an “outperform” rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.63.

Aptiv 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.