First Trust Advisors LP Boosts Stock Position in Aptiv PLC $APTV

First Trust Advisors LP boosted its stake in shares of Aptiv PLC (NYSE:APTV) by 23.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,394,019 shares of the auto parts company’s stock after buying an additional 449,145 shares during the quarter. First Trust Advisors LP’s holdings in Aptiv were worth $166,241,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. 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 worth $27,000 after acquiring an additional 252 shares during the period. Geneos Wealth Management Inc. increased its position 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 buying an additional 398 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Aptiv in the 4th quarter valued at approximately $33,000. DV Equities LLC acquired a new stake in shares of Aptiv during the fourth quarter worth $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in Aptiv by 60.0% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 180 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APTV has been the topic of several recent research reports. Argus dropped their price objective on shares of Aptiv from $99.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Fox Advisors reduced their target price on Aptiv from $110.00 to $70.00 in a research note on Friday, May 8th. Evercore lowered their price objective on Aptiv from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Wall Street Zen cut Aptiv from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, BNP Paribas Exane reduced their target price on Aptiv from $107.00 to $83.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.50.

Aptiv Stock Up 0.7%

APTV stock opened at $58.33 on Thursday. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.08 and a beta of 1.46. 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 company’s 50 day moving average price is $61.78 and its 200 day moving average price is $68.05. Aptiv PLC has a fifty-two week low of $51.68 and a fifty-two week high of $88.93.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the prior year, the company posted $1.69 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts anticipate that Aptiv PLC will post 5.93 EPS for the current fiscal year.

Insider Buying and Selling at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 163,752 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Company insiders own 0.06% of the company’s stock.

About Aptiv

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.