Washington Capital Management Inc. Purchases 7,725 Shares of Aptiv PLC (NYSE:APTV)

Washington Capital Management Inc. boosted its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 139.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 13,275 shares of the auto parts company's stock after acquiring an additional 7,725 shares during the period. Washington Capital Management Inc.'s holdings in Aptiv were worth $790,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its holdings in Aptiv by 50.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,481 shares of the auto parts company's stock worth $392,000 after purchasing an additional 2,174 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Aptiv by 9.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,847 shares of the auto parts company's stock worth $2,343,000 after purchasing an additional 3,426 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in Aptiv by 6.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 767,430 shares of the auto parts company's stock worth $46,414,000 after purchasing an additional 44,468 shares during the period. Robocap Asset Management Ltd raised its holdings in Aptiv by 27.5% in the fourth quarter. Robocap Asset Management Ltd now owns 32,611 shares of the auto parts company's stock worth $1,972,000 after purchasing an additional 7,034 shares during the period. Finally, Empowered Funds LLC raised its holdings in Aptiv by 2,056.7% in the fourth quarter. Empowered Funds LLC now owns 138,118 shares of the auto parts company's stock worth $8,353,000 after purchasing an additional 131,714 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Stock Performance

APTV traded down $0.25 on Wednesday, reaching $70.12. The company had a trading volume of 2,597,578 shares, compared to its average volume of 3,483,425. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $80.95. The stock has a market cap of $15.27 billion, a P/E ratio of 10.19, a P/E/G ratio of 0.62 and a beta of 1.47. The company's fifty day moving average is $60.00 and its 200 day moving average is $61.04. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the firm earned $1.16 earnings per share. Aptiv's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

APTV has been the subject of several research analyst reports. Wall Street Zen initiated coverage on shares of Aptiv in a report on Thursday, May 22nd. They issued a "hold" rating for the company. UBS Group boosted their price target on Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Wells Fargo & Company boosted their price target on Aptiv from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Piper Sandler set a $70.00 price target on Aptiv and gave the company a "neutral" rating in a report on Thursday, May 22nd. Finally, Argus upgraded Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Aptiv presently has an average rating of "Moderate Buy" and a consensus price target of $82.50.

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.