Arbor Wealth Advisors LLC Sells 3,218 Shares of Aptiv PLC (NYSE:APTV)

Arbor Wealth Advisors LLC cut its holdings in shares of Aptiv PLC (NYSE:APTV) by 15.4% in the 2nd quarter, Holdings Channel reports. The firm owned 17,684 shares of the auto parts company’s stock after selling 3,218 shares during the period. Aptiv accounts for about 1.2% of Arbor Wealth Advisors LLC’s holdings, making the stock its 17th largest position. Arbor Wealth Advisors LLC’s holdings in Aptiv were worth $1,245,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of APTV. Vanguard Group Inc. boosted its stake in shares of Aptiv by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock valued at $2,843,905,000 after purchasing an additional 325,550 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Aptiv by 17.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock worth $854,210,000 after buying an additional 1,405,569 shares during the period. Impax Asset Management Group plc boosted its position in shares of Aptiv by 7.1% during the 4th quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock worth $651,978,000 after purchasing an additional 483,157 shares in the last quarter. Capital World Investors bought a new stake in shares of Aptiv during the first quarter valued at approximately $343,760,000. Finally, Clearbridge Investments LLC raised its holdings in Aptiv by 3.1% during the first quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock worth $343,728,000 after buying an additional 131,431 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Performance

Aptiv stock traded up $1.03 during midday trading on Thursday, reaching $68.94. The stock had a trading volume of 3,837,531 shares, compared to its average volume of 2,941,742. The company has a quick ratio of 0.89, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $18.76 billion, a PE ratio of 6.50, a P/E/G ratio of 0.66 and a beta of 1.79. Aptiv PLC has a 12 month low of $65.13 and a 12 month high of $105.78. The firm’s 50-day moving average price is $72.28 and its 200 day moving average price is $76.57.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The business had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same period in the prior year, the company earned $1.25 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, research analysts predict that Aptiv PLC will post 6.3 earnings per share for the current fiscal year.

Insider Transactions at Aptiv

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the transaction, the director now directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

APTV has been the topic of a number of recent research reports. Evercore ISI dropped their target price on Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 15th. Guggenheim raised their price target on shares of Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. The Goldman Sachs Group cut their target price on Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Oppenheimer reaffirmed an “outperform” rating and set a $145.00 price target on shares of Aptiv in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada cut their price objective on Aptiv from $101.00 to $86.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $97.00.

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.