Posted by admin on Aug 21st, 2022 
Aaron Wealth Advisors LLC acquired a new stake in shares of Aptiv PLC (NYSE:APTV – Get Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 78,410 shares of the auto parts company’s stock, valued at approximately $655,000.
Several other institutional investors have also added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in Aptiv by 6.5% during the first quarter. Van ECK Associates Corp now owns 6,877 shares of the auto parts company’s stock valued at $823,000 after purchasing an additional 417 shares during the last quarter. Bank of Marin lifted its holdings in Aptiv by 2.5% during the first quarter. Bank of Marin now owns 5,847 shares of the auto parts company’s stock valued at $700,000 after purchasing an additional 143 shares during the last quarter. Tcwp LLC purchased a new stake in Aptiv during the first quarter valued at about $45,000. Rock Point Advisors LLC lifted its holdings in shares of Aptiv by 21.0% in the first quarter. Rock Point Advisors LLC now owns 62,796 shares of the auto parts company’s stock worth $7,517,000 after buying an additional 10,911 shares in the last quarter. Finally, Nova R Wealth Inc. lifted its holdings in shares of Aptiv by 2.9% in the first quarter. Nova R Wealth Inc. now owns 10,811 shares of the auto parts company’s stock worth $1,294,000 after buying an additional 307 shares in the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Aptiv stock opened at $103.77 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.04 and a current ratio of 2.63. Aptiv PLC has a 52-week low of $84.14 and a 52-week high of $180.81. The stock has a market capitalization of $28.11 billion, a price-to-earnings ratio of 247.07, a P/E/G ratio of 2.97 and a beta of 2.00. The company’s 50 day moving average price is $97.07 and its 200-day moving average price is $107.58.
Aptiv (NYSE:APTV – Get Rating) last issued its earnings results on Thursday, August 4th. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.36). Aptiv had a return on equity of 6.01% and a net margin of 1.10%. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts forecast that Aptiv PLC will post 3.19 EPS for the current year.
A number of equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their price target on shares of Aptiv from $149.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, August 11th. Raymond James lowered their price target on shares of Aptiv from $158.00 to $145.00 in a report on Friday, August 5th. Wells Fargo & Company lowered their price target on shares of Aptiv from $112.00 to $102.00 and set an “equal weight” rating on the stock in a report on Monday, July 11th. Cowen lowered their price target on shares of Aptiv from $150.00 to $144.00 in a report on Friday, May 6th. Finally, Robert W. Baird lowered their price target on shares of Aptiv from $155.00 to $148.00 in a report on Friday, May 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.47.
In related news, CEO Kevin P. Clark sold 6,705 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $109.60, for a total value of $734,868.00. Following the completion of the sale, the chief executive officer now owns 652,547 shares of the company’s stock, valued at $71,519,151.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP William T. Presley sold 2,000 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $108.52, for a total value of $217,040.00. Following the completion of the sale, the senior vice president now owns 45,681 shares of the company’s stock, valued at $4,957,302.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin P. Clark sold 6,705 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $109.60, for a total value of $734,868.00. Following the completion of the sale, the chief executive officer now directly owns 652,547 shares of the company’s stock, valued at approximately $71,519,151.20. The disclosure for this sale can be found here. Insiders sold 15,370 shares of company stock valued at $1,547,492 over the last quarter. 0.41% of the stock is owned by company insiders.
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Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.
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