Cetera Investment Advisers Has $1.56 Million Stake in Aptiv PLC (NYSE:APTV)

Key Points

• Cetera Investment Advisers has reduced its holdings in Aptiv PLC by 21.1%, now owning 26,282 shares following the sale of 7,011 shares in the first quarter.
• Aptiv reported $2.12 earnings per share for the last quarter, exceeding estimates by $0.29, along with a 3.1% year-over-year revenue increase to $5.21 billion.
• The average price target for Aptiv shares is currently $81.50, with a consensus rating labeled as "Moderate Buy."

Cetera Investment Advisers trimmed its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 21.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,282 shares of the auto parts company's stock after selling 7,011 shares during the period. Cetera Investment Advisers' holdings in Aptiv were worth $1,564,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Mather Group LLC. raised its holdings in shares of Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after purchasing an additional 385 shares in the last quarter. Versant Capital Management Inc grew its position in Aptiv by 201.7% in the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after purchasing an additional 470 shares during the last quarter. UMB Bank n.a. acquired a new stake in shares of Aptiv during the 1st quarter valued at about $48,000. Blue Trust Inc. boosted its position in shares of Aptiv by 48.4% during the 1st quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock valued at $74,000 after acquiring an additional 406 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Aptiv by 164.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock valued at $81,000 after acquiring an additional 848 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Trading Up 4.1%

Shares of APTV traded up $2.97 on Wednesday, reaching $74.67. 1,684,089 shares of the company's stock were exchanged, compared to its average volume of 3,034,369. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $16.26 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 0.75 and a beta of 1.48. The business has a 50 day moving average price of $68.73 and a two-hundred day moving average price of $64.07. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $75.41.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the firm earned $1.58 earnings per share. The business's quarterly revenue was up 3.1% on a year-over-year basis. Research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Wells Fargo & Company lifted their target price on shares of Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Barclays lifted their target price on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Morgan Stanley lifted their target price on shares of Aptiv from $55.00 to $60.00 and gave the company an "underweight" rating in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of Aptiv to a "hold" rating in a research report on Saturday, June 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Aptiv has a consensus rating of "Moderate Buy" and an average target price of $81.81.

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.