Bangor Savings Bank Buys 862 Shares of Aptiv PLC (NYSE:APTV)

Bangor Savings Bank lifted its stake in shares of Aptiv PLC (NYSE:APTV) by 7.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,510 shares of the auto parts company’s stock after acquiring an additional 862 shares during the quarter. Bangor Savings Bank’s holdings in Aptiv were worth $996,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APTV. Douglas Lane & Associates LLC lifted its holdings in Aptiv by 26.5% during the first quarter. Douglas Lane & Associates LLC now owns 479,055 shares of the auto parts company’s stock valued at $38,157,000 after purchasing an additional 100,400 shares in the last quarter. &PARTNERS purchased a new position in shares of Aptiv during the 1st quarter valued at $707,000. Park Avenue Securities LLC boosted its holdings in Aptiv by 11.0% in the 1st quarter. Park Avenue Securities LLC now owns 15,252 shares of the auto parts company’s stock worth $1,215,000 after buying an additional 1,515 shares during the period. Fulton Bank N.A. increased its stake in Aptiv by 12.1% in the 1st quarter. Fulton Bank N.A. now owns 33,154 shares of the auto parts company’s stock worth $2,641,000 after buying an additional 3,589 shares in the last quarter. Finally, Perpetual Ltd raised its holdings in Aptiv by 58.0% during the first quarter. Perpetual Ltd now owns 415,421 shares of the auto parts company’s stock valued at $33,088,000 after acquiring an additional 152,447 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com upgraded Aptiv from a “hold” rating to a “buy” rating in a research report on Wednesday, June 12th. JPMorgan Chase & Co. lifted their price objective on shares of Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. UBS Group upped their target price on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Robert W. Baird boosted their price target on shares of Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, Oppenheimer lowered their target price on Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

Insiders Place Their Bets

In other news, Director Nancy E. Cooper sold 394 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the transaction, the director now directly owns 13,636 shares in the company, valued at $1,049,699.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.34% of the company’s stock.

Aptiv Stock Performance

Aptiv stock opened at $75.21 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. The firm has a market capitalization of $20.46 billion, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 0.59 and a beta of 1.87. Aptiv PLC has a 1-year low of $68.84 and a 1-year high of $113.60. The company’s 50-day moving average is $77.55 and its 200 day moving average is $79.98.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Research analysts forecast that Aptiv PLC will post 6.01 EPS for the current year.

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.