Oppenheimer Asset Management Inc. Reduces Stock Position in Aptiv PLC (NYSE:APTV)

Oppenheimer Asset Management Inc. lessened its stake in shares of Aptiv PLC (NYSE:APTV) by 14.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,158 shares of the auto parts company’s stock after selling 6,403 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $2,960,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of Aptiv 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 sale, the director now directly owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by company insiders.

Aptiv Stock Up 1.4 %

Aptiv stock traded up $0.97 during midday trading on Friday, hitting $72.72. 3,218,331 shares of the company were exchanged, compared to its average volume of 3,510,512. The company’s fifty day moving average price is $77.13 and its 200-day moving average price is $78.51. The company 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. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. Aptiv PLC has a fifty-two week low of $65.13 and a fifty-two week high of $113.14.

Aptiv (NYSE:APTV) last posted its quarterly earnings data 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. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the business earned $0.91 EPS. Aptiv’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, research analysts predict that Aptiv PLC will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the company. Robert W. Baird lowered their price target on Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a report on Friday. Barclays reduced their price objective on Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Guggenheim lifted their price objective on Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Piper Sandler lowered Aptiv from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $78.00 to $63.00 in a research note on Wednesday, June 26th. Finally, StockNews.com lowered Aptiv from a “buy” rating to a “hold” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.