MUFG Securities EMEA plc Grows Stock Holdings in Aptiv PLC (NYSE:APTV)

MUFG Securities EMEA plc increased its stake in shares of Aptiv PLC (NYSE:APTVGet Rating) by 54.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,692 shares of the auto parts company’s stock after buying an additional 1,300 shares during the quarter. MUFG Securities EMEA plc’s holdings in Aptiv were worth $442,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hanson & Doremus Investment Management boosted its holdings in Aptiv by 137.4% in the 1st quarter. Hanson & Doremus Investment Management now owns 216 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Tyler Stone Wealth Management purchased a new stake in Aptiv in the 4th quarter valued at approximately $27,000. Karlinski Andrew C purchased a new stake in Aptiv in the 1st quarter valued at approximately $38,000. Tcwp LLC purchased a new stake in Aptiv in the 1st quarter valued at approximately $45,000. Finally, MCF Advisors LLC boosted its holdings in Aptiv by 1,204.5% in the 4th quarter. MCF Advisors LLC now owns 287 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Activity

In other news, CEO Kevin P. Clark sold 6,665 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $96.76, for a total transaction of $644,905.40. Following the completion of the sale, the chief executive officer now directly owns 625,887 shares of the company’s stock, valued at approximately $60,560,826.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

APTV has been the topic of a number of analyst reports. Wells Fargo & Company lowered their price objective on Aptiv from $112.00 to $102.00 and set an “equal weight” rating on the stock in a report on Monday, July 11th. Cowen reduced their price target on shares of Aptiv to $130.00 in a research report on Tuesday, August 9th. The Goldman Sachs Group reduced their price target on shares of Aptiv from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, June 1st. Morgan Stanley reduced their price target on shares of Aptiv from $149.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, August 11th. Finally, Oppenheimer reduced their price target on shares of Aptiv from $172.00 to $162.00 and set an “outperform” rating for the company in a research report on Monday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $151.11.

Aptiv Trading Down 2.7 %

Shares of APTV opened at $97.03 on Wednesday. The stock has a fifty day moving average of $97.99 and a two-hundred day moving average of $102.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.04 and a current ratio of 2.63. The company has a market capitalization of $26.29 billion, a PE ratio of 231.02, a price-to-earnings-growth ratio of 2.76 and a beta of 2.01. Aptiv PLC has a fifty-two week low of $84.14 and a fifty-two week high of $180.81.

Aptiv (NYSE:APTVGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The auto parts company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.36). Aptiv had a net margin of 1.10% and a return on equity of 6.01%. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. As a group, analysts forecast that Aptiv PLC will post 3.2 EPS for the current year.

Aptiv Company Profile

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Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.

Further Reading

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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