Cambridge Trust Co. Has $10.02 Million Stock Position in Aptiv PLC (NYSE:APTV)

Cambridge Trust Co. lifted its holdings in shares of Aptiv PLC (NYSE:APTV) by 24.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 111,662 shares of the auto parts company’s stock after buying an additional 22,258 shares during the period. Cambridge Trust Co.’s holdings in Aptiv were worth $10,018,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APTV. Ninety One UK Ltd grew its stake in Aptiv by 6.2% in the 4th quarter. Ninety One UK Ltd now owns 2,233,235 shares of the auto parts company’s stock valued at $200,366,000 after buying an additional 129,792 shares during the last quarter. Ninety One North America Inc. grew its stake in Aptiv by 66.3% in the 4th quarter. Ninety One North America Inc. now owns 89,833 shares of the auto parts company’s stock valued at $8,060,000 after buying an additional 35,817 shares during the last quarter. Federated Hermes Inc. grew its position in Aptiv by 15.3% in the 4th quarter. Federated Hermes Inc. now owns 61,111 shares of the auto parts company’s stock worth $5,483,000 after purchasing an additional 8,100 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Aptiv by 2.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 147,556 shares of the auto parts company’s stock worth $13,239,000 after purchasing an additional 4,009 shares during the last quarter. Finally, Telos Capital Management Inc. grew its position in Aptiv by 3.3% in the 4th quarter. Telos Capital Management Inc. now owns 62,550 shares of the auto parts company’s stock worth $5,612,000 after purchasing an additional 1,970 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on APTV shares. Barclays reduced their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. UBS Group lifted their price target on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Morgan Stanley cut shares of Aptiv from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $90.00 to $74.00 in a research report on Wednesday, February 7th. Oppenheimer lowered their price target on shares of Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Finally, Robert W. Baird cut shares of Aptiv from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $105.00 to $96.00 in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.36.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Aptiv Stock Performance

NYSE APTV traded down $0.23 on Thursday, hitting $69.12. 918,410 shares of the stock were exchanged, compared to its average volume of 2,679,619. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The business’s fifty day moving average is $77.91 and its 200 day moving average is $82.67. Aptiv PLC has a 52 week low of $68.84 and a 52 week high of $113.60. The company has a market capitalization of $18.85 billion, a PE ratio of 6.78, a P/E/G ratio of 0.93 and a beta of 1.90.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. Research analysts anticipate that Aptiv PLC will post 5.66 EPS for the current fiscal year.

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.