Corient Private Wealth LLC Cuts Holdings in Aptiv PLC $APTV

Corient Private Wealth LLC lowered its position in Aptiv PLC (NYSE:APTV) by 73.1% in the fourth quarter, HoldingsChannel reports. The fund owned 21,880 shares of the auto parts company’s stock after selling 59,480 shares during the quarter. Corient Private Wealth LLC’s holdings in Aptiv were worth $1,665,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of APTV. NewEdge Advisors LLC boosted its position in Aptiv by 502.1% during the first quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock worth $926,000 after purchasing an additional 12,973 shares in the last quarter. Woodline Partners LP raised its stake in shares of Aptiv by 439.2% during the 1st quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock worth $4,528,000 after buying an additional 61,994 shares during the period. Focus Partners Wealth raised its stake in shares of Aptiv by 110.7% during the 1st quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock worth $566,000 after buying an additional 4,998 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of 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. Finally, EverSource Wealth Advisors LLC grew its stake in Aptiv by 523.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock valued at $175,000 after acquiring an additional 2,150 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Performance

APTV opened at $61.48 on Wednesday. The firm has a market capitalization of $13.01 billion, a PE ratio of 36.38, a PEG ratio of 0.99 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 firm’s 50-day moving average price is $61.58 and its 200 day moving average price is $70.12. 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 released its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the prior year, the firm earned $1.69 EPS. Aptiv’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts expect that Aptiv PLC will post 6.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on APTV. Wells Fargo & Company cut their price target on shares of Aptiv from $82.00 to $77.00 and set an “overweight” rating for the company in a report on Thursday, June 25th. TD Cowen reaffirmed a “buy” rating on shares of Aptiv in a report on Friday, June 12th. Citigroup dropped their target price on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. President Capital assumed coverage on shares of Aptiv in a research report on Wednesday, March 25th. They set a “buy” rating and a $82.50 price target for the company. Finally, Barclays decreased their price target on shares of Aptiv from $77.00 to $73.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Twenty-two investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.46.

Insider Activity

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the 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 completion of the sale, the executive vice president owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by company insiders.

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.