Ritholtz Wealth Management Has $1.77 Million Holdings in Aptiv PLC $APTV

Ritholtz Wealth Management grew its holdings in Aptiv PLC (NYSE:APTV) by 164.8% during the first quarter, Holdings Channel.com reports. The firm owned 25,552 shares of the auto parts company’s stock after acquiring an additional 15,904 shares during the period. Ritholtz Wealth Management’s holdings in Aptiv were worth $1,774,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. NewEdge Advisors LLC boosted its position in Aptiv by 502.1% in the 1st quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock valued at $926,000 after buying an additional 12,973 shares during the last quarter. Woodline Partners LP grew its position in shares of Aptiv by 439.2% during the 1st quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock worth $4,528,000 after buying an additional 61,994 shares during the period. Focus Partners Wealth grew its position in shares of Aptiv by 110.7% during the 1st quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock worth $566,000 after buying an additional 4,998 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after buying an additional 398 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Aptiv by 523.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock worth $175,000 after buying an additional 2,150 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

APTV has been the subject of several recent research reports. Royal Bank Of Canada dropped their target price on shares of Aptiv from $104.00 to $81.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. UBS Group dropped their price objective on Aptiv from $97.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Oppenheimer cut their target price on Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Weiss Ratings upgraded Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, Argus decreased their target price on Aptiv from $99.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.46.

Insider Buying and Selling

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the transaction, the executive vice president owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.06% of the company’s stock.

Aptiv Stock Down 2.4%

NYSE:APTV opened at $60.47 on Friday. Aptiv PLC has a 1 year low of $51.68 and a 1 year high of $88.93. The stock has a 50-day moving average price of $61.51 and a two-hundred day moving average price of $70.40. The stock has a market cap of $12.80 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 1.01 and a beta of 1.45. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter last year, the firm posted $1.69 earnings per share. Aptiv’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts expect that Aptiv PLC will post 6.37 earnings per share for the current year.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.