Brighton Jones LLC Acquires Shares of 5,981 Aptiv PLC $APTV

Brighton Jones LLC acquired a new stake in shares of Aptiv PLC (NYSE:APTV) in the second quarter, Holdings Channel reports. The fund acquired 5,981 shares of the auto parts company’s stock, valued at approximately $408,000.

A number of other hedge funds also recently bought and sold shares of APTV. Zions Bancorporation National Association UT purchased a new stake in Aptiv during the first quarter valued at about $26,000. 1248 Management LLC purchased a new stake in Aptiv during the first quarter valued at about $28,000. Geneos Wealth Management Inc. lifted its stake in Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after buying an additional 398 shares in the last quarter. Mather Group LLC. lifted its stake in Aptiv by 155.2% during the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company’s stock valued at $38,000 after buying an additional 385 shares in the last quarter. Finally, Eastern Bank purchased a new stake in shares of Aptiv in the first quarter worth approximately $39,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Allan J. Brazier sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the transaction, the chief accounting officer owned 49,820 shares in the company, valued at approximately $4,234,700. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.45% of the company’s stock.

Aptiv Trading Down 0.8%

NYSE:APTV opened at $85.94 on Thursday. The stock’s 50 day moving average price is $83.26 and its 200 day moving average price is $72.06. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $88.80. The company has a market capitalization of $18.71 billion, a P/E ratio of 19.67, a P/E/G ratio of 0.94 and a beta of 1.55. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. On average, research analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on APTV shares. Morgan Stanley increased their price target on shares of Aptiv from $55.00 to $60.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 12th. Oppenheimer increased their price target on shares of Aptiv from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Barclays raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $85.00 to $105.00 in a research report on Friday, September 12th. Daiwa Capital Markets increased their price target on shares of Aptiv from $79.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Aptiv from $84.00 to $105.00 in a research report on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and a consensus price target of $93.35.

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.