Aptiv PLC (NYSE:APTV) Shares Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors grew its holdings in shares of Aptiv PLC (NYSE:APTV) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,090 shares of the auto parts company’s stock after purchasing an additional 515 shares during the period. Arkadios Wealth Advisors’ holdings in Aptiv were worth $247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. lifted its stake in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 409 shares during the last quarter. Wolff Wiese Magana LLC lifted its position in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Aptiv in the 3rd quarter worth $43,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv during the third quarter valued at $43,000. Finally, Mather Group LLC. boosted its position in shares of Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 176 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APTV. Morgan Stanley reduced their target price on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Guggenheim reiterated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. Oppenheimer decreased their target price on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $53.00 to $65.00 in a research note on Thursday. Finally, TD Cowen reduced their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $85.06.

Aptiv Stock Performance

Aptiv stock opened at $64.02 on Friday. The stock has a market cap of $15.05 billion, a PE ratio of 7.14, a P/E/G ratio of 0.55 and a beta of 1.75. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $88.89. The business’s 50-day moving average price is $58.19 and its two-hundred day moving average price is $64.84.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. As a group, analysts expect that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

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.