Aptiv PLC $APTV Shares Acquired by Patton Fund Management Inc.

Patton Fund Management Inc. lifted its position in shares of Aptiv PLC (NYSE:APTV) by 1,370.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,823 shares of the auto parts company’s stock after purchasing an additional 39,910 shares during the period. Patton Fund Management Inc.’s holdings in Aptiv were worth $2,974,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Saranac Partners Ltd purchased a new stake in Aptiv during the 3rd quarter worth about $25,000. Larson Financial Group LLC boosted its position in shares of Aptiv by 240.0% during the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 252 shares in the last quarter. Geneos Wealth Management Inc. increased 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 valued at $29,000 after acquiring an additional 398 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Aptiv during the 3rd quarter worth about $30,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Aptiv during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Trading Up 0.2%

APTV opened at $60.47 on Monday. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. Aptiv PLC has a 52 week low of $51.68 and a 52 week high of $88.93. The business’s 50 day moving average is $61.51 and its two-hundred day moving average is $70.36. The firm has a market cap of $12.80 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 1.01 and a beta of 1.45.

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

Insider Transactions at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value 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 SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on APTV shares. Oppenheimer lowered their price target on Aptiv from $106.00 to $84.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Bank of America started coverage on shares of Aptiv in a report on Wednesday, March 4th. They set a “buy” rating on the stock. Weiss Ratings upgraded shares of Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. UBS Group dropped their target price on shares of Aptiv from $97.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Finally, HSBC cut their price target on shares of Aptiv from $81.32 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Twenty-two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.46.

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.