Aptiv PLC (NYSE:APTV) Shares Purchased by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC lifted its holdings in Aptiv PLC (NYSE:APTV) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,299 shares of the auto parts company’s stock after purchasing an additional 71 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Aptiv were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of APTV. Anfield Capital Management LLC purchased a new stake in shares of Aptiv during the second quarter worth about $31,000. Trustcore Financial Services LLC lifted its position in shares of Aptiv by 237.8% in the second quarter. Trustcore Financial Services LLC now owns 250 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 176 shares in the last quarter. Glassman Wealth Services acquired a new stake in shares of Aptiv in the second quarter worth approximately $39,000. Annapolis Financial Services LLC increased its position in shares of Aptiv by 200.0% during the first quarter. Annapolis Financial Services LLC now owns 300 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 200 shares in the last quarter. Finally, Wagner Wealth Management LLC purchased a new position in Aptiv in the 1st quarter valued at $47,000. Institutional investors own 89.34% of the company’s stock.

Shares of Aptiv stock traded up $3.30 during trading hours on Wednesday, reaching $153.13. 46,043 shares of the company were exchanged, compared to its average volume of 1,521,298. The firm has a market cap of $41.42 billion, a PE ratio of 40.94, a PEG ratio of 3.54 and a beta of 2.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.60 and a current ratio of 2.06. Aptiv PLC has a 1 year low of $82.12 and a 1 year high of $170.47. The stock’s fifty day moving average is $156.94 and its 200 day moving average is $150.46.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, August 4th. The auto parts company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.07). Aptiv had a net margin of 6.72% and a return on equity of 13.68%. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the business earned ($1.10) EPS. Aptiv’s revenue for the quarter was up 94.2% on a year-over-year basis. Research analysts expect that Aptiv PLC will post 3.79 earnings per share for the current year.

In other news, CEO Kevin P. Clark sold 5,830 shares of the firm’s stock in a transaction on Tuesday, July 13th. The shares were sold at an average price of $157.41, for a total value of $917,700.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.45% of the company’s stock.

APTV has been the topic of a number of recent research reports. Morgan Stanley boosted their price target on shares of Aptiv from $205.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 10th. Oppenheimer lifted their price objective on Aptiv from $171.00 to $179.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Barclays upped their target price on Aptiv from $164.00 to $174.00 and gave the company an “overweight” rating in a report on Friday, August 6th. Jefferies Financial Group lifted their price target on Aptiv from $170.00 to $182.00 and gave the stock a “buy” rating in a report on Friday, July 9th. Finally, Guggenheim raised shares of Aptiv from a “neutral” rating to a “buy” rating and set a $184.00 price objective for the company in a report on Thursday, June 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Aptiv currently has an average rating of “Buy” and an average price target of $157.88.

About Aptiv

Aptiv Plc engages in the design, development, and manufacture of vehicle components. The firm also provides electrical, electronic, and safety technology solutions to the global automotive and commercial vehicle markets. It operates through the following business segments: Signal and Power Solutions, Advanced Safety and User Experience, and Eliminations and Other.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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