Providence Capital Advisors LLC Purchases 542 Shares of Aptiv PLC (NYSE:APTV)

Providence Capital Advisors LLC lifted its position in Aptiv PLC (NYSE:APTV) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,657 shares of the auto parts company’s stock after buying an additional 542 shares during the period. Providence Capital Advisors LLC’s holdings in Aptiv were worth $4,624,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Aptiv by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock worth $2,843,905,000 after buying an additional 325,550 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after buying an additional 1,764,844 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after buying an additional 905,431 shares during the last quarter. Capital World Investors bought a new stake in shares of Aptiv in the 1st quarter valued at about $343,760,000. Finally, Clearbridge Investments LLC raised its holdings in shares of Aptiv by 3.1% in the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock valued at $343,728,000 after purchasing an additional 131,431 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Price Performance

Shares of Aptiv stock opened at $71.54 on Tuesday. Aptiv PLC has a 52-week low of $63.62 and a 52-week high of $100.88. The stock has a market capitalization of $19.46 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. The company has a fifty day moving average of $69.52 and a 200-day moving average of $73.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. Equities research analysts expect that Aptiv PLC will post 6.28 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on APTV shares. StockNews.com cut shares of Aptiv from a “buy” rating to a “hold” rating in a report on Friday, July 12th. JPMorgan Chase & Co. upped their target price on shares of Aptiv from $104.00 to $107.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Morgan Stanley dropped their target price on shares of Aptiv from $75.00 to $70.00 and set an “underweight” rating on the stock in a report on Wednesday, August 14th. Oppenheimer reissued an “outperform” rating and issued a $145.00 price target on shares of Aptiv in a report on Tuesday, July 9th. Finally, Wolfe Research started coverage on shares of Aptiv in a report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.44.

About Aptiv

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.