OLD National Bancorp IN Has $674,000 Position in Aptiv PLC (NYSE:APTV)

OLD National Bancorp IN cut its position in Aptiv PLC (NYSE:APTV) by 72.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,330 shares of the auto parts company’s stock after selling 29,609 shares during the quarter. OLD National Bancorp IN’s holdings in Aptiv were worth $674,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in APTV. Stratos Wealth Partners LTD. grew its holdings in Aptiv by 50.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,481 shares of the auto parts company’s stock worth $392,000 after acquiring an additional 2,174 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Aptiv by 9.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,847 shares of the auto parts company’s stock worth $2,343,000 after purchasing an additional 3,426 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Aptiv by 6.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 767,430 shares of the auto parts company’s stock worth $46,414,000 after purchasing an additional 44,468 shares during the last quarter. Empowered Funds LLC increased its holdings in Aptiv by 2,056.7% in the fourth quarter. Empowered Funds LLC now owns 138,118 shares of the auto parts company’s stock valued at $8,353,000 after purchasing an additional 131,714 shares during the period. Finally, Focus Financial Network Inc. bought a new position in Aptiv during the 4th quarter worth $379,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Up 0.8%

Aptiv stock opened at $67.20 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The firm’s fifty day moving average price is $59.71 and its two-hundred day moving average price is $60.97. The firm has a market capitalization of $14.63 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 0.62 and a beta of 1.47. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $81.42.

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, beating the consensus estimate of $1.55 by $0.14. The business had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 EPS. On average, equities research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

APTV has been the topic of a number of analyst reports. Wall Street Zen assumed coverage on Aptiv in a research note on Thursday, May 22nd. They issued a “hold” rating for the company. Guggenheim downgraded shares of Aptiv from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 4th. UBS Group raised their price target on shares of Aptiv from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Evercore ISI reduced their price objective on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Finally, TD Cowen initiated coverage on shares of Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

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.