TritonPoint Partners LLC Takes $583,000 Position in Aptiv PLC $APTV

TritonPoint Partners LLC purchased a new stake in Aptiv PLC (NYSE:APTV) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 7,668 shares of the auto parts company’s stock, valued at approximately $583,000.

Several other hedge funds and other institutional investors have also modified their holdings of APTV. Saranac Partners Ltd acquired a new position in shares of Aptiv in the 3rd quarter valued at about $25,000. Larson Financial Group LLC boosted its stake in Aptiv by 240.0% during the 4th 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. boosted its stake in Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new position in Aptiv during the 3rd quarter valued at about $30,000. Finally, Atlas Capital Advisors Inc. acquired a new position in Aptiv during the 4th quarter valued at about $33,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on APTV. Oppenheimer reduced their target price on shares of Aptiv from $106.00 to $84.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. UBS Group reduced their target price on shares of Aptiv from $97.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. The Goldman Sachs Group boosted their target price on shares of Aptiv from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $83.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, Evercore reduced their target price on shares of Aptiv from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Twenty-two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.67.

Insider Buying and Selling at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.06% of the company’s stock.

Aptiv Trading Up 0.0%

Shares of NYSE:APTV opened at $68.06 on Monday. The company has a 50 day moving average of $60.86 and a 200-day moving average of $71.34. The firm has a market cap of $14.40 billion, a P/E ratio of 40.27, a P/E/G ratio of 1.14 and a beta of 1.45. Aptiv PLC has a twelve month low of $51.68 and a twelve month high of $88.93. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.69 EPS. As a group, analysts anticipate that Aptiv PLC will post 6.37 earnings per share for the current fiscal year.

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.