Private Advisor Group LLC Purchases Shares of 3,524 Aptiv PLC (NYSE:APTV)

Private Advisor Group LLC bought a new position in Aptiv PLC (NYSE:APTV) during the 4th quarter, HoldingsChannel reports. The fund bought 3,524 shares of the auto parts company’s stock, valued at approximately $316,000.

Several other institutional investors have also recently added to or reduced their stakes in APTV. Gradient Investments LLC increased its holdings in shares of Aptiv by 36.1% during the fourth quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock worth $13,902,000 after buying an additional 41,135 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Aptiv in the fourth quarter worth $13,120,000. Arbor Wealth Advisors LLC acquired a new position in Aptiv in the fourth quarter worth $1,875,000. Douglas Lane & Associates LLC grew its holdings in shares of Aptiv by 20.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company’s stock worth $33,973,000 after purchasing an additional 65,354 shares during the last quarter. Finally, OLD National Bancorp IN increased its stake in shares of Aptiv by 23.7% in the fourth quarter. OLD National Bancorp IN now owns 70,926 shares of the auto parts company’s stock valued at $6,363,000 after buying an additional 13,579 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

APTV has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Royal Bank of Canada lowered their price target on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Robert W. Baird upped their price objective on Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Guggenheim increased their price objective on Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Barclays dropped their target price on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and a consensus price target of $108.31.

Aptiv Stock Down 0.7 %

Shares of Aptiv stock opened at $81.71 on Thursday. Aptiv PLC has a 12 month low of $68.84 and a 12 month high of $113.60. The business has a fifty day simple moving average of $77.15 and a 200 day simple moving average of $80.19. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The stock has a market cap of $22.23 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.83 and a beta of 1.90.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 EPS. Research analysts predict that Aptiv PLC will post 6.01 EPS for the current year.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction on Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.34% of the company’s stock.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.