Aptiv PLC (NYSE:APTV) Stake Boosted by Arkadios Wealth Advisors

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

Other hedge funds also recently modified their holdings of the company. Mather Group LLC. lifted 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 worth $38,000 after acquiring an additional 385 shares during the period. Eastern Bank purchased a new position in shares of Aptiv during the 1st quarter worth about $39,000. Versant Capital Management Inc lifted its holdings in shares of Aptiv by 201.7% during the 1st 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. purchased a new position in Aptiv in the first quarter valued at approximately $48,000. Finally, Blue Trust Inc. raised its holdings in Aptiv by 48.4% in the first quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock valued at $74,000 after buying an additional 406 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Performance

Aptiv stock traded up $0.39 during mid-day trading on Wednesday, reaching $65.17. The company's stock had a trading volume of 2,169,435 shares, compared to its average volume of 2,653,775. 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 firm has a market cap of $14.19 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 0.73 and a beta of 1.48. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $75.41. The business has a 50 day moving average price of $68.71 and a 200-day moving average price of $63.91.

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

Analysts Set New Price Targets

APTV has been the topic of a number of analyst reports. Wolfe Research lowered shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wells Fargo & Company lifted their price objective on shares of Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Piper Sandler set a $70.00 price target on shares of Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Finally, UBS Group raised their price target on shares of Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has an average rating of "Moderate Buy" and an average price target of $81.50.

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.