Aptiv PLC (NYSE:APTV) Shares Purchased by Raymond James & Associates

Raymond James & Associates lifted its stake in shares of Aptiv PLC (NYSE:APTV) by 5.9% during the 1st quarter, HoldingsChannel reports. The fund owned 694,870 shares of the auto parts company’s stock after acquiring an additional 38,457 shares during the period. Raymond James & Associates’ holdings in Aptiv were worth $55,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Riverview Trust Co acquired a new stake in shares of Aptiv during the 1st quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Aptiv during the 4th quarter worth approximately $29,000. GAMMA Investing LLC purchased a new position in Aptiv in the fourth quarter valued at approximately $32,000. Mather Group LLC. acquired a new position in Aptiv during the first quarter valued at approximately $33,000. Finally, Harbor Investment Advisory LLC grew its stake in Aptiv by 4,166.7% during the first quarter. Harbor Investment Advisory LLC now owns 512 shares of the auto parts company’s stock worth $41,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Up 3.9 %

Aptiv stock traded up $3.03 during midday trading on Friday, hitting $80.82. The stock had a trading volume of 4,769,688 shares, compared to its average volume of 2,564,622. The stock has a market cap of $22.04 billion, a P/E ratio of 7.62, a P/E/G ratio of 0.94 and a beta of 1.90. The business has a fifty day moving average price of $76.13 and a 200 day moving average price of $80.72. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42. Aptiv PLC has a 12 month low of $68.84 and a 12 month high of $113.60.

Aptiv (NYSE:APTV) last announced 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. The firm had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the business posted $0.91 earnings per share. Research analysts predict that Aptiv PLC will post 5.95 EPS for the current year.

Analyst Upgrades and Downgrades

APTV has been the topic of several recent research reports. Morgan Stanley lowered shares of Aptiv from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. Piper Sandler lowered their target price on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. UBS Group upped their price target on Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. JPMorgan Chase & Co. dropped their price objective on shares of Aptiv from $110.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday, April 22nd. Finally, Robert W. Baird raised their price target on shares of Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.29.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the firm’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 of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.34% of the company’s stock.

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.