Ritholtz Wealth Management Buys 15,904 Shares of Aptiv PLC $APTV

Ritholtz Wealth Management grew its stake in Aptiv PLC (NYSE:APTV) by 164.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,552 shares of the auto parts company’s stock after buying an additional 15,904 shares during the period. Ritholtz Wealth Management’s holdings in Aptiv were worth $1,774,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in Aptiv during the fourth quarter worth approximately $634,961,000. Ameriprise Financial Inc. bought a new position in shares of Aptiv in the third quarter valued at approximately $297,917,000. Balyasny Asset Management L.P. raised its position in shares of Aptiv by 6,711.4% in the second quarter. Balyasny Asset Management L.P. now owns 1,434,076 shares of the auto parts company’s stock valued at $97,833,000 after purchasing an additional 1,413,022 shares during the period. Man Group plc lifted its stake in shares of Aptiv by 155.8% in the third quarter. Man Group plc now owns 2,045,025 shares of the auto parts company’s stock worth $176,322,000 after buying an additional 1,245,533 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Aptiv by 34.2% in the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after buying an additional 1,167,946 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. President Capital began coverage on Aptiv in a report on Wednesday, March 25th. They issued a “buy” rating and a $82.50 target price on the stock. BNP Paribas Exane cut their target price on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Wolfe Research raised shares of Aptiv from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a report on Friday, March 6th. Wells Fargo & Company decreased their price target on shares of Aptiv from $82.00 to $77.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, TD Cowen restated a “buy” rating on shares of Aptiv in a report on Friday, June 12th. Twenty-two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.46.

Insider Activity at Aptiv

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the sale, the executive vice president owned 163,752 shares of the company’s stock, valued at $12,821,781.60. The trade was a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is owned by company insiders.

Aptiv Trading Down 2.4%

Shares of Aptiv stock opened at $60.47 on Friday. Aptiv PLC has a 52-week low of $51.68 and a 52-week high of $88.93. The firm has a market capitalization of $12.80 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 1.01 and a beta of 1.45. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. The company’s fifty day moving average price is $61.51 and its two-hundred day moving average price is $70.40.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.09. The business had revenue of $5.09 billion for 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 firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.69 EPS. On average, analysts expect that Aptiv PLC will post 6.37 EPS for the current year.

Aptiv Profile

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.