KBC Group NV Sells 36,000 Shares of Aptiv PLC (NYSE:APTV)

KBC Group NV reduced its position in shares of Aptiv PLC (NYSE:APTV) by 45.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,558 shares of the auto parts company’s stock after selling 36,000 shares during the quarter. KBC Group NV’s holdings in Aptiv were worth $2,591,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Illinois Municipal Retirement Fund grew its stake in shares of Aptiv by 22.9% in the first quarter. Illinois Municipal Retirement Fund now owns 46,928 shares of the auto parts company’s stock worth $2,792,000 after acquiring an additional 8,739 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Aptiv by 26.8% in the first quarter. Sequoia Financial Advisors LLC now owns 4,754 shares of the auto parts company’s stock worth $283,000 after acquiring an additional 1,006 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Aptiv by 115.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 318,895 shares of the auto parts company’s stock worth $18,974,000 after acquiring an additional 170,921 shares during the period. Bessemer Group Inc. grew its stake in shares of Aptiv by 74.9% in the first quarter. Bessemer Group Inc. now owns 3,504 shares of the auto parts company’s stock worth $208,000 after acquiring an additional 1,500 shares during the period. Finally, Wealthquest Corp bought a new stake in shares of Aptiv in the first quarter worth approximately $158,000. 94.21% of the stock is currently owned by institutional investors.

Aptiv Price Performance

APTV stock opened at $72.42 on Friday. Aptiv PLC has a one year low of $47.19 and a one year high of $80.95. The company’s fifty day moving average price is $65.86 and its 200-day moving average price is $62.41. 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 company has a market capitalization of $15.77 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.14. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the previous year, the business posted $1.16 earnings per share. Aptiv’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on APTV shares. Robert W. Baird dropped their price objective on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. UBS Group raised their price objective on shares of Aptiv from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the stock a “neutral” rating in a report on Thursday, May 22nd. Morgan Stanley dropped their price objective on shares of Aptiv from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, May 19th. Finally, Wolfe Research downgraded shares of Aptiv from an “outperform” rating to a “peer perform” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.61.

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.