Sanctuary Advisors LLC Has $5.96 Million Stock Holdings in Aptiv PLC $APTV

Sanctuary Advisors LLC trimmed its position in shares of Aptiv PLC (NYSE:APTV) by 16.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,811 shares of the auto parts company’s stock after selling 16,410 shares during the period. Sanctuary Advisors LLC’s holdings in Aptiv were worth $5,959,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC increased its position in shares of Aptiv by 240.0% during the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 252 shares during the period. Geneos Wealth Management Inc. lifted its position in Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 398 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in Aptiv during the fourth quarter worth $33,000. DV Equities LLC bought a new stake in Aptiv in the 4th quarter valued at $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in Aptiv by 60.0% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock valued at $37,000 after buying an additional 180 shares during the period. Institutional investors own 94.21% of the company’s stock.

Insider Buying and Selling

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction of $156,600.00. Following the sale, the executive vice president owned 163,752 shares in the company, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Oppenheimer reduced their price objective on shares of Aptiv from $106.00 to $84.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Morgan Stanley raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price target for the company in a research report on Friday, May 8th. TD Cowen restated a “buy” rating on shares of Aptiv in a research note on Friday, June 12th. UBS Group decreased their price objective on Aptiv from $97.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Finally, Zacks Research upgraded Aptiv from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Twenty-two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

Aptiv Trading Down 3.0%

Shares of Aptiv stock opened at $57.51 on Friday. Aptiv PLC has a 12-month low of $51.68 and a 12-month high of $88.93. The stock has a market capitalization of $12.17 billion, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 1.07 and a beta of 1.46. The company has a 50-day simple moving average of $61.60 and a 200 day simple moving average of $68.50. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.09. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.69 earnings per share. Research analysts expect that Aptiv PLC will post 5.93 earnings per share for the current fiscal year.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.