Private Advisor Group LLC Invests $737,000 in Aptiv PLC $APTV

Private Advisor Group LLC acquired a new position in Aptiv PLC (NYSE:APTV) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,620 shares of the auto parts company’s stock, valued at approximately $737,000.

Several other large investors have also added to or reduced their stakes in the business. Saranac Partners Ltd acquired a new stake in Aptiv in the 3rd quarter valued at $25,000. Larson Financial Group LLC grew its holdings in shares of Aptiv by 240.0% in the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 252 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 398 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Aptiv in the fourth quarter valued at about $33,000. Finally, DV Equities LLC bought a new stake in Aptiv during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on APTV. Wall Street Zen downgraded Aptiv from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Fox Advisors dropped their price objective on Aptiv from $110.00 to $70.00 in a research note on Friday, May 8th. TD Cowen reissued a “buy” rating on shares of Aptiv in a report on Friday, June 12th. Wells Fargo & Company lowered their target price on shares of Aptiv from $82.00 to $77.00 and set an “overweight” rating on the stock in a report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Aptiv from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.50.

Aptiv Price Performance

NYSE:APTV opened at $58.09 on Wednesday. Aptiv PLC has a 12-month low of $51.68 and a 12-month high of $88.93. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 34.37, a P/E/G ratio of 1.10 and a beta of 1.46. The stock’s 50 day moving average price is $61.53 and its two-hundred day moving average price is $68.83. 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 issued its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the previous year, the company posted $1.69 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts anticipate that Aptiv PLC will post 5.96 earnings per share for the current year.

Insider Buying and Selling

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

Aptiv Company 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.