Stance Capital LLC Buys New Holdings in Aptiv PLC $APTV

Stance Capital LLC purchased a new position in shares of Aptiv PLC (NYSE:APTV) during the fourth quarter, HoldingsChannel reports. The firm purchased 17,662 shares of the auto parts company’s stock, valued at approximately $1,344,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in APTV. Saranac Partners Ltd bought a new stake in shares of Aptiv during the third quarter valued at approximately $25,000. Larson Financial Group LLC lifted its holdings in shares of Aptiv by 240.0% in the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 252 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 398 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in Aptiv in the 3rd quarter valued at $30,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in Aptiv in the 4th quarter valued at $33,000. Institutional investors own 94.21% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the transaction, the executive vice president directly owned 163,752 shares in the company, valued at approximately $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on APTV. Morgan Stanley upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price objective on the stock in a report on Friday, May 8th. TD Cowen reiterated a “buy” rating on shares of Aptiv in a report on Friday, June 12th. Citigroup decreased their target price on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating for the company in a research report on Monday, May 18th. The Goldman Sachs Group upped their target price on shares of Aptiv from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, HSBC dropped their price target on shares of Aptiv from $81.32 to $75.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Twenty-two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.67.

Aptiv Price Performance

Shares of NYSE:APTV opened at $63.84 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98. The stock’s fifty day simple moving average is $61.29 and its two-hundred day simple moving average is $70.94. Aptiv PLC has a 1-year low of $51.68 and a 1-year high of $88.93. The stock has a market cap of $13.51 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 1.07 and a beta of 1.45.

Aptiv (NYSE:APTV) last posted its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.09. The firm had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.69 EPS. As a group, analysts forecast that Aptiv PLC will post 6.37 EPS for the current fiscal year.

Aptiv Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.