SG Americas Securities LLC Boosts Holdings in Aptiv PLC $APTV

SG Americas Securities LLC boosted its stake in Aptiv PLC (NYSE:APTV) by 544.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 711,959 shares of the auto parts company’s stock after acquiring an additional 601,533 shares during the period. SG Americas Securities LLC owned 0.33% of Aptiv worth $49,438,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Saranac Partners Ltd purchased a new stake in shares of Aptiv during the 3rd quarter worth approximately $25,000. Foster Dykema Cabot & Partners LLC purchased a new position in Aptiv in the third quarter valued at approximately $30,000. Larson Financial Group LLC lifted its stake in Aptiv by 240.0% in 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 last quarter. Atlas Capital Advisors Inc. bought a new position in Aptiv during the fourth quarter valued at $33,000. Finally, DV Equities LLC bought a new position in Aptiv during the fourth quarter valued at $33,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Fox Advisors dropped their price target on Aptiv from $110.00 to $70.00 in a research report on Friday, May 8th. The Goldman Sachs Group lifted their price objective on Aptiv from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. President Capital started coverage on Aptiv in a research note on Wednesday, March 25th. They issued a “buy” rating and a $82.50 price objective on the stock. Citigroup dropped their price objective on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, TD Cowen reiterated a “buy” rating on shares of Aptiv in a research report on Friday, June 12th. Twenty-two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.67.

Aptiv Stock Performance

Shares of APTV opened at $63.67 on Tuesday. Aptiv PLC has a 52-week low of $51.68 and a 52-week high of $88.93. The stock’s 50-day simple moving average is $61.36 and its 200 day simple moving average is $70.81. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 37.68, a price-to-earnings-growth ratio of 1.07 and a beta of 1.45.

Aptiv (NYSE:APTV) last announced its quarterly 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 firm had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.69 earnings per share. Research analysts forecast that Aptiv PLC will post 6.37 EPS for the current fiscal 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.