Wealthcare Advisory Partners LLC bought a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,014 shares of the auto parts company's stock, valued at approximately $298,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Pallas Capital Advisors LLC acquired a new stake in Aptiv during the first quarter worth about $202,000. Farther Finance Advisors LLC boosted its holdings in Aptiv by 139.7% during the first quarter. Farther Finance Advisors LLC now owns 2,558 shares of the auto parts company's stock valued at $151,000 after purchasing an additional 1,491 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in Aptiv during the first quarter valued at approximately $397,000. Washington Capital Management Inc. boosted its holdings in Aptiv by 139.2% during the first quarter. Washington Capital Management Inc. now owns 13,275 shares of the auto parts company's stock valued at $790,000 after purchasing an additional 7,725 shares in the last quarter. Finally, UMB Bank n.a. acquired a new stake in Aptiv during the first quarter valued at approximately $48,000. 94.21% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
APTV has been the topic of a number of recent research reports. Piper Sandler set a $70.00 price objective on Aptiv and gave the company a "neutral" rating in a report on Thursday, May 22nd. Barclays lifted their price objective on Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Royal Bank of Canada lifted their price objective on Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. UBS Group lifted their price objective on Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Wall Street Zen started coverage on shares of Aptiv in a research note on Thursday, May 22nd. They issued a "hold" rating for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.50.
Get Our Latest Stock Report on Aptiv
Aptiv Trading Down 3.7%
APTV stock traded down $2.55 during trading on Friday, hitting $67.13. The company had a trading volume of 2,103,225 shares, compared to its average volume of 3,484,126. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $61.06 and a 200-day moving average price of $61.31. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $80.95. The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 0.62 and a beta of 1.47.
Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. As a group, analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.
Aptiv Profile
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Free Report)
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.
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