SeaCrest Wealth Management LLC Reduces Position in Aptiv PLC (NYSE:APTV)

SeaCrest Wealth Management LLC decreased its stake in shares of Aptiv PLC (NYSE:APTVGet Rating) by 25.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,304 shares of the auto parts company’s stock after selling 440 shares during the period. SeaCrest Wealth Management LLC’s holdings in Aptiv were worth $116,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of APTV. Kestra Advisory Services LLC boosted its holdings in shares of Aptiv by 22.9% during the first quarter. Kestra Advisory Services LLC now owns 5,615 shares of the auto parts company’s stock worth $672,000 after purchasing an additional 1,047 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Aptiv by 11.0% during the first quarter. Park Avenue Securities LLC now owns 6,694 shares of the auto parts company’s stock worth $801,000 after purchasing an additional 665 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Aptiv by 10.0% during the first quarter. Signaturefd LLC now owns 3,775 shares of the auto parts company’s stock worth $452,000 after purchasing an additional 343 shares during the last quarter. Altfest L J & Co. Inc. acquired a new stake in shares of Aptiv during the first quarter worth $307,000. Finally, Granite Investment Partners LLC acquired a new stake in shares of Aptiv during the first quarter worth $9,327,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Aptiv Stock Down 2.0 %

Shares of NYSE APTV opened at $108.89 on Thursday. Aptiv PLC has a 1 year low of $77.96 and a 1 year high of $179.40. The firm has a market cap of $29.50 billion, a price-to-earnings ratio of 94.69, a PEG ratio of 3.03 and a beta of 2.00. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.66. The stock’s 50-day simple moving average is $91.34 and its 200-day simple moving average is $95.69.

Aptiv (NYSE:APTVGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The auto parts company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.29. The firm had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.30 billion. Aptiv had a return on equity of 9.06% and a net margin of 2.21%. Aptiv’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 earnings per share. As a group, equities analysts anticipate that Aptiv PLC will post 3.37 earnings per share for the current fiscal year.

Insider Activity at Aptiv

In related news, CEO Kevin P. Clark sold 6,665 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $97.03, for a total value of $646,704.95. Following the completion of the sale, the chief executive officer now directly owns 612,557 shares of the company’s stock, valued at $59,436,405.71. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 19,995 shares of company stock valued at $1,877,930 over the last three months. 0.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

APTV has been the topic of several analyst reports. Cowen decreased their price objective on Aptiv to $130.00 in a report on Tuesday, August 9th. Citigroup reduced their target price on Aptiv from $150.00 to $128.00 and set a “buy” rating on the stock in a report on Wednesday, September 28th. Bank of America reduced their target price on Aptiv from $165.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, September 9th. Guggenheim reduced their target price on Aptiv from $180.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Aptiv from $136.00 to $132.00 and set a “buy” rating on the stock in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.67.

About Aptiv

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Aptiv Plc is an global technology and mobility architecture company, which engages in the design and manufacture vehicle components. It operates through the Signal and Power Solutions, and Advanced Safety and User Experience segments. The Signal and Power Solutions segment includes complete electrical architecture and component products.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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