Gibraltar Capital Management Inc. Acquires 80,089 Shares of Aptiv PLC (NYSE:APTV)

Gibraltar Capital Management Inc. lifted its position in Aptiv PLC (NYSE:APTV) by 123.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 144,842 shares of the auto parts company’s stock after buying an additional 80,089 shares during the quarter. Aptiv makes up 5.4% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Gibraltar Capital Management Inc. owned approximately 0.05% of Aptiv worth $11,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Riverview Trust Co purchased a new stake in Aptiv during the 1st quarter worth about $25,000. Hazlett Burt & Watson Inc. purchased a new position in shares of Aptiv in the 1st quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Aptiv in the 4th quarter valued at about $29,000. GAMMA Investing LLC purchased a new position in shares of Aptiv in the 4th quarter valued at about $32,000. Finally, Mather Group LLC. purchased a new position in shares of Aptiv in the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Transactions at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the transaction, the director now directly owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.34% of the company’s stock.

Aptiv Stock Performance

Aptiv stock traded up $0.97 during mid-day trading on Friday, reaching $72.72. 3,218,331 shares of the company were exchanged, compared to its average volume of 3,510,512. Aptiv PLC has a twelve month low of $65.13 and a twelve month high of $113.14. The firm’s 50-day simple moving average is $77.13 and its two-hundred day simple moving average is $78.51. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. The firm has a market cap of $19.78 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 0.69 and a beta of 1.79.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.99 billion. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. Equities analysts predict that Aptiv PLC will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on APTV. Citigroup dropped their price objective on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a report on Friday. Oppenheimer reiterated an “outperform” rating and issued a $145.00 price objective on shares of Aptiv in a report on Tuesday. The Goldman Sachs Group dropped their price objective on Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday. Piper Sandler downgraded Aptiv from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $78.00 to $63.00 in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. upped their target price on Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $98.00.

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.