Aptiv PLC (NYSE:APTV) Shares Purchased by ZRC Wealth Management LLC

ZRC Wealth Management LLC boosted its stake in shares of Aptiv PLC (NYSE:APTV) by 200.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 601 shares of the auto parts company’s stock after buying an additional 401 shares during the quarter. ZRC Wealth Management LLC’s holdings in Aptiv were worth $48,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Riverview Trust Co acquired a new position in Aptiv during the 1st quarter worth about $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Aptiv during the fourth quarter worth about $29,000. GAMMA Investing LLC purchased a new position in Aptiv in the 4th quarter valued at approximately $32,000. Mather Group LLC. acquired a new position in shares of Aptiv in the first quarter worth $33,000. Finally, Harbor Investment Advisory LLC increased its position in shares of 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 acquiring an additional 500 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Aptiv

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

Wall Street Analysts Forecast Growth

APTV has been the subject of a number of analyst reports. Barclays lowered their price objective on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. StockNews.com upgraded shares of Aptiv from a “hold” rating to a “buy” rating in a report on Thursday. UBS Group boosted their target price on shares of Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Piper Sandler cut Aptiv from a “neutral” rating to an “underweight” rating and cut their price target for the company from $78.00 to $63.00 in a research note on Wednesday, June 26th. Finally, Guggenheim upped their price objective on Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.08.

Aptiv Stock Performance

Shares of APTV opened at $69.79 on Friday. The company’s 50 day simple moving average is $77.53 and its 200-day simple moving average is $79.25. The firm has a market cap of $18.99 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79. Aptiv PLC has a 12-month low of $65.13 and a 12-month high of $113.60. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42.

Aptiv (NYSE:APTV) last issued 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. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period last year, the firm posted $0.91 EPS. Aptiv’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities analysts predict that Aptiv PLC will post 6.01 EPS for the current year.

Aptiv 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.