Raymond James & Associates Increases Stock Position in Aptiv PLC (NYSE:APTV)

Raymond James & Associates lifted its holdings in shares of Aptiv PLC (NYSE:APTV) by 5.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 694,870 shares of the auto parts company’s stock after buying an additional 38,457 shares during the quarter. Raymond James & Associates owned about 0.25% of Aptiv worth $55,346,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Gradient Investments LLC lifted its stake in Aptiv by 36.1% in the 4th quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock worth $13,902,000 after purchasing an additional 41,135 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Aptiv in the 4th quarter worth $13,120,000. Arbor Wealth Advisors LLC bought a new position in shares of Aptiv in the 4th quarter worth $1,875,000. Douglas Lane & Associates LLC increased its holdings in shares of Aptiv by 20.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company’s stock worth $33,973,000 after buying an additional 65,354 shares during the last quarter. Finally, OLD National Bancorp IN increased its holdings in shares of Aptiv by 23.7% in the 4th quarter. OLD National Bancorp IN now owns 70,926 shares of the auto parts company’s stock worth $6,363,000 after buying an additional 13,579 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on APTV. Oppenheimer decreased their price target on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday. Barclays reduced their target price on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Piper Sandler reduced their target price on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. UBS Group increased their target price on shares of Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Finally, Robert W. Baird lifted their target price on shares of Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.29.

Aptiv Trading Up 3.9 %

APTV stock traded up $3.03 during trading on Friday, reaching $80.82. The company had a trading volume of 4,769,688 shares, compared to its average volume of 2,564,622. The business has a 50 day moving average of $76.13 and a 200 day moving average of $80.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 1.22. The company has a market cap of $22.04 billion, a P/E ratio of 7.62, a PEG ratio of 0.94 and a beta of 1.90. Aptiv PLC has a 52 week low of $68.84 and a 52 week high of $113.60.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. The company had revenue of $4.90 billion for 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 firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. As a group, sell-side analysts forecast that Aptiv PLC will post 5.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the sale, the senior vice president now owns 95,211 shares in the company, valued at approximately $7,396,942.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by insiders.

Aptiv 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.