Western Wealth Management LLC Acquires Shares of 6,159 Aptiv PLC (NYSE:APTV)

Western Wealth Management LLC acquired a new stake in shares of Aptiv PLC (NYSE:APTV) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,159 shares of the auto parts company’s stock, valued at approximately $553,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Toroso Investments LLC lifted its stake in Aptiv by 3.3% during the 3rd quarter. Toroso Investments LLC now owns 3,320 shares of the auto parts company’s stock valued at $260,000 after acquiring an additional 107 shares during the period. Cim Investment Management Inc. lifted its stake in Aptiv by 4.4% during the 1st quarter. Cim Investment Management Inc. now owns 2,650 shares of the auto parts company’s stock valued at $297,000 after acquiring an additional 111 shares during the period. BSW Wealth Partners lifted its stake in Aptiv by 2.7% during the 1st quarter. BSW Wealth Partners now owns 4,198 shares of the auto parts company’s stock valued at $471,000 after acquiring an additional 111 shares during the period. Advisory Services Network LLC lifted its stake in Aptiv by 0.9% during the 1st quarter. Advisory Services Network LLC now owns 14,152 shares of the auto parts company’s stock valued at $1,588,000 after acquiring an additional 121 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Aptiv by 7.8% in the 3rd quarter. Assetmark Inc. now owns 1,780 shares of the auto parts company’s stock valued at $175,000 after purchasing an additional 129 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the sale, the senior vice president now owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

APTV has been the subject of several analyst reports. UBS Group boosted their target price on shares of Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Royal Bank of Canada decreased their target price on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Piper Sandler decreased their target price on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. JPMorgan Chase & Co. decreased their target price on shares of Aptiv from $135.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Finally, Barclays reduced their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and an average target price of $110.36.

Aptiv Price Performance

Aptiv stock opened at $69.63 on Friday. Aptiv PLC has a 52-week low of $68.84 and a 52-week high of $113.60. The firm has a market capitalization of $18.99 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 0.88 and a beta of 1.90. The company has a fifty day simple moving average of $77.42 and a 200-day simple moving average of $82.30. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV) last released its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.95 billion. On average, equities analysts anticipate that Aptiv PLC will post 5.63 EPS for the current fiscal year.

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.