Arkadios Wealth Advisors Buys 6,506 Shares of Aptiv PLC (NYSE:APTV)

Key Points

• Arkadios Wealth Advisors significantly increased its stake in Aptiv PLC by 159.1% in the first quarter, acquiring an additional 6,506 shares, bringing their total holdings to 10,596 shares valued at approximately $630,000.
• Analysts have varied outlooks for Aptiv, with UBS raising the target price from $66 to $75 and Wells Fargo increasing theirs to $89, while the consensus rating stands at "Moderate Buy" with an average target price of $80.38.
• Aptiv reported strong earnings of $2.12 EPS for the last quarter, surpassing analysts' expectations of $1.83, and showed a year-over-year revenue increase of 3.1%, totaling $5.21 billion.

Arkadios Wealth Advisors raised its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 159.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,596 shares of the auto parts company's stock after acquiring an additional 6,506 shares during the period. Arkadios Wealth Advisors' holdings in Aptiv were worth $630,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in APTV. Mather Group LLC. raised its stake in shares of Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after buying an additional 385 shares in the last quarter. Eastern Bank acquired a new position in Aptiv during the first quarter worth about $39,000. Versant Capital Management Inc grew its holdings in Aptiv by 201.7% during the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after acquiring an additional 470 shares during the period. UMB Bank n.a. acquired a new position in Aptiv during the first quarter worth about $48,000. Finally, Blue Trust Inc. grew its holdings in Aptiv by 48.4% during the first quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock worth $74,000 after acquiring an additional 406 shares during the period. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Performance

Aptiv stock traded up $1.05 during trading hours on Friday, hitting $66.85. The stock had a trading volume of 877,903 shares, compared to its average volume of 3,033,584. The company has a 50-day moving average of $68.61 and a two-hundred day moving average of $63.95. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The company has a market cap of $14.56 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $75.41.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly 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. The firm had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%. The company's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 EPS. On average, equities research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on APTV shares. Guggenheim lowered Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Royal Bank Of Canada boosted their target price on Aptiv from $85.00 to $92.00 and gave the stock an "outperform" rating in a research report on Tuesday. Wolfe Research lowered Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Robert W. Baird set a $82.00 target price on Aptiv and gave the stock an "outperform" rating in a research report on Friday, July 11th. Finally, Wells Fargo & Company boosted their target price on Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $81.50.

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.