Commonwealth Equity Services LLC Lowers Position in Aptiv PLC (NYSE:APTV)

Commonwealth Equity Services LLC trimmed its stake in Aptiv PLC (NYSE:APTVFree Report) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,002 shares of the auto parts company’s stock after selling 168 shares during the period. Commonwealth Equity Services LLC’s holdings in Aptiv were worth $3,253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of APTV. Salem Investment Counselors Inc. lifted its stake in Aptiv by 176.0% during the second quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 176 shares during the last quarter. Clearstead Advisors LLC boosted its stake in Aptiv by 210.6% in the first quarter. Clearstead Advisors LLC now owns 264 shares of the auto parts company’s stock worth $30,000 after buying an additional 179 shares in the last quarter. WealthPLAN Partners LLC bought a new position in Aptiv during the first quarter valued at approximately $30,000. FWL Investment Management LLC bought a new position in Aptiv during the fourth quarter valued at approximately $30,000. Finally, MV Capital Management Inc. raised its stake in shares of Aptiv by 77.3% during the first quarter. MV Capital Management Inc. now owns 273 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 119 shares in the last quarter. 89.13% of the stock is owned by hedge funds and other institutional investors.

Aptiv Price Performance

APTV stock opened at $104.49 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.76 and a quick ratio of 1.24. Aptiv PLC has a 1 year low of $77.96 and a 1 year high of $124.88. The firm has a 50-day moving average of $104.36 and a 200 day moving average of $103.87. The company has a market cap of $29.55 billion, a P/E ratio of 31.76, a PEG ratio of 1.21 and a beta of 2.05.

Aptiv (NYSE:APTVGet Free Report) last released its earnings results on Thursday, August 3rd. The auto parts company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.22. The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $4.72 billion. Aptiv had a return on equity of 14.89% and a net margin of 4.95%. On average, sell-side analysts forecast that Aptiv PLC will post 4.74 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wolfe Research raised shares of Aptiv from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Thursday, June 8th. JPMorgan Chase & Co. lifted their price objective on Aptiv from $120.00 to $123.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Bank of America upgraded Aptiv from a “neutral” rating to a “buy” rating and increased their target price for the company from $130.00 to $140.00 in a report on Thursday, July 6th. Citigroup lifted their price target on Aptiv from $155.00 to $162.00 in a research note on Friday, August 4th. Finally, Barclays increased their price objective on Aptiv from $135.00 to $138.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.50.

Check Out Our Latest Stock Report on Aptiv

Aptiv Profile

(Free Report)

Aptiv PLC engages in design, manufacture, and sale of vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segments, Signal and Power Solutions, and Advanced Safety and User Experience.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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