1834 Investment Advisors Co. Boosts Stake in Aptiv PLC (NYSE:APTV)

1834 Investment Advisors Co. boosted its holdings in Aptiv PLC (NYSE:APTV) by 13.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,207 shares of the auto parts company’s stock after acquiring an additional 497 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Aptiv were worth $296,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Riverview Trust Co purchased a new position in Aptiv in the first quarter worth $25,000. Independence Bank of Kentucky bought a new position in shares of Aptiv during the 2nd quarter valued at about $25,000. Hazlett Burt & Watson Inc. purchased a new position in shares of Aptiv during the 1st quarter valued at about $28,000. GAMMA Investing LLC bought a new stake in Aptiv in the 4th quarter worth approximately $32,000. Finally, Clearstead Trust LLC boosted its stake in Aptiv by 305.0% in the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after buying an additional 305 shares in the last quarter. 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 Aptiv stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the sale, the director now directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Aptiv from $104.00 to $107.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Piper Sandler cut shares of Aptiv from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $78.00 to $63.00 in a report on Wednesday, June 26th. The Goldman Sachs Group reduced their price objective on Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Barclays reduced their price objective on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, UBS Group decreased their price target on Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.64.

Aptiv Trading Up 0.9 %

Aptiv stock traded up $0.61 during mid-day trading on Thursday, hitting $70.63. The company’s stock had a trading volume of 411,010 shares, compared to its average volume of 2,943,293. The stock’s fifty day moving average is $70.09 and its two-hundred day moving average is $75.19. The company has a current ratio of 1.49, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $19.22 billion, a PE ratio of 6.60, a price-to-earnings-growth ratio of 0.66 and a beta of 1.79. Aptiv PLC has a 1 year low of $65.13 and a 1 year high of $104.72.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) 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 firm had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period last year, the company earned $1.25 EPS. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts anticipate that Aptiv PLC will post 6.3 EPS for the current year.

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.