Thrivent Financial for Lutherans Sells 4,678 Shares of Aptiv PLC (NYSE:APTV)

Thrivent Financial for Lutherans cut its holdings in shares of Aptiv PLC (NYSE:APTV) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 794,846 shares of the auto parts company’s stock after selling 4,678 shares during the period. Thrivent Financial for Lutherans owned about 0.29% of Aptiv worth $55,973,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in Aptiv by 6.3% in the 4th quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock valued at $40,881,000 after buying an additional 26,933 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Aptiv by 36.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock valued at $3,818,000 after buying an additional 12,835 shares during the last quarter. FIFTHDELTA Ltd bought a new position in Aptiv in the 4th quarter valued at $50,767,000. Vanguard Group Inc. lifted its stake in shares of Aptiv by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock valued at $2,843,905,000 after purchasing an additional 325,550 shares during the period. Finally, Hemenway Trust Co LLC lifted its stake in shares of Aptiv by 25.2% in the 1st quarter. Hemenway Trust Co LLC now owns 55,968 shares of the auto parts company’s stock valued at $4,458,000 after purchasing an additional 11,270 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $74.00 price target on shares of Aptiv in a research note on Tuesday, September 10th. Bank of America cut their price target on Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Piper Sandler downgraded Aptiv from a “neutral” rating to an “underweight” rating and cut their price target for the company from $78.00 to $63.00 in a research note on Wednesday, June 26th. JPMorgan Chase & Co. increased their price target on Aptiv from $104.00 to $107.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Citigroup cut their price target on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.44.

Aptiv Price Performance

APTV stock opened at $69.84 on Monday. The stock has a 50-day moving average price of $69.54 and a two-hundred day moving average price of $74.01. The stock has a market cap of $19.00 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. Aptiv PLC has a 1 year low of $63.62 and a 1 year high of $100.88.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. Equities analysts forecast that Aptiv PLC will post 6.28 EPS for the current fiscal year.

About Aptiv

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.