Private Advisor Group LLC Takes $737,000 Position in Aptiv PLC $APTV

Private Advisor Group LLC bought a new position in shares of Aptiv PLC (NYSE:APTV) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,620 shares of the auto parts company’s stock, valued at approximately $737,000.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its stake in Aptiv by 4.3% in the 4th quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock valued at $765,976,000 after purchasing an additional 419,375 shares during the period. Norges Bank bought a new position in Aptiv during the 4th quarter worth $634,961,000. Geode Capital Management LLC lifted its holdings in shares of Aptiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock worth $441,289,000 after buying an additional 99,876 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Aptiv by 34.2% in the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after acquiring an additional 1,167,946 shares during the period. Finally, Boston Partners boosted its position in shares of Aptiv by 29.2% in the third quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock valued at $361,385,000 after acquiring an additional 948,327 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Price Performance

APTV stock opened at $58.09 on Wednesday. The company’s 50-day moving average price is $61.53 and its two-hundred day moving average price is $68.83. The firm has a market cap of $12.29 billion, a P/E ratio of 34.37, a P/E/G ratio of 1.10 and a beta of 1.46. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. Aptiv PLC has a 12 month low of $51.68 and a 12 month high of $88.93.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.69 EPS. On average, analysts anticipate that Aptiv PLC will post 5.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the sale, the executive vice president owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This trade represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

APTV has been the topic of a number of recent research reports. Piper Sandler lowered their price target on shares of Aptiv from $106.00 to $94.00 and set an “overweight” rating on the stock in a research report on Monday, June 8th. Wells Fargo & Company cut their price objective on shares of Aptiv from $82.00 to $77.00 and set an “overweight” rating for the company in a report on Thursday, June 25th. Robert W. Baird lowered their target price on shares of Aptiv from $105.00 to $74.00 and set an “outperform” rating on the stock in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Aptiv from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Fox Advisors cut their price target on Aptiv from $110.00 to $70.00 in a research note on Friday, May 8th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.50.

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.