Wealth Enhancement Advisory Services LLC Raises Stock Position in Aptiv PLC (NYSE:APTV)

Wealth Enhancement Advisory Services LLC raised its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 85.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,843 shares of the auto parts company's stock after acquiring an additional 6,375 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Aptiv were worth $824,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd increased its position in Aptiv by 11.4% during the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after acquiring an additional 186 shares during the last quarter. Horizon Investments LLC grew its stake in shares of Aptiv by 6.1% during the 4th quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock valued at $231,000 after purchasing an additional 219 shares during the period. ProShare Advisors LLC increased its position in shares of Aptiv by 0.5% during the 4th quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock valued at $3,128,000 after purchasing an additional 248 shares during the last quarter. Westpac Banking Corp increased its position in shares of Aptiv by 21.9% during the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after purchasing an additional 341 shares during the last quarter. Finally, Rafferty Asset Management LLC lifted its stake in shares of Aptiv by 1.3% in the 4th quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company's stock worth $1,552,000 after purchasing an additional 341 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Ratings Changes

APTV has been the subject of a number of research reports. Barclays upped their target price on shares of Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Robert W. Baird reduced their price objective on Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Royal Bank Of Canada lifted their target price on Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Morgan Stanley cut their price target on Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, May 19th. Finally, TD Cowen initiated coverage on Aptiv in a research note on Friday, March 7th. They issued a "buy" rating and a $90.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $81.61.

Aptiv Price Performance

APTV traded up $0.23 during trading on Thursday, hitting $72.42. 1,048,551 shares of the company traded hands, compared to its average volume of 3,382,727. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The company has a market cap of $15.77 billion, a PE ratio of 11.99, a P/E/G ratio of 0.80 and a beta of 1.46. The stock's 50-day simple moving average is $65.51 and its two-hundred day simple moving average is $62.31. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $80.95.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The business's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. As a group, sell-side analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal 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.