First Trust Direct Indexing L.P. Acquires 692 Shares of Aptiv PLC (NYSE:APTV)

First Trust Direct Indexing L.P. boosted its stake in Aptiv PLC (NYSE:APTVFree Report) by 21.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,902 shares of the auto parts company’s stock after purchasing an additional 692 shares during the period. First Trust Direct Indexing L.P.’s holdings in Aptiv were worth $311,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Financial Advocates Investment Management increased its position in shares of Aptiv by 5.9% during the fourth quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock worth $211,000 after buying an additional 132 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Aptiv by 2.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock worth $578,000 after acquiring an additional 145 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Aptiv by 11.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock worth $130,000 after acquiring an additional 146 shares in the last quarter. Bangor Savings Bank lifted its stake in shares of Aptiv by 1.4% in the 4th quarter. Bangor Savings Bank now owns 11,648 shares of the auto parts company’s stock valued at $1,045,000 after purchasing an additional 163 shares during the period. Finally, Advisory Services Network LLC boosted its position in shares of Aptiv by 1.2% during the 4th quarter. Advisory Services Network LLC now owns 14,892 shares of the auto parts company’s stock valued at $1,336,000 after purchasing an additional 180 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on APTV shares. Barclays dropped their price target on Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Oppenheimer cut their target price on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. StockNews.com raised shares of Aptiv from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. JPMorgan Chase & Co. increased their price objective on shares of Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Finally, Guggenheim raised their target price on Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.91.

Read Our Latest Research Report on Aptiv

Insider Buying and Selling at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total value of $30,330.12. Following the transaction, the director now owns 13,636 shares in the company, valued at approximately $1,049,699.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.34% of the company’s stock.

Aptiv Stock Performance

Shares of APTV opened at $69.70 on Tuesday. Aptiv PLC has a 52 week low of $65.13 and a 52 week high of $113.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. The stock has a 50 day moving average price of $77.45 and a two-hundred day moving average price of $78.88. The firm has a market capitalization of $18.96 billion, a P/E ratio of 6.57, a P/E/G ratio of 0.67 and a beta of 1.79.

Aptiv (NYSE:APTVGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the firm posted $0.91 EPS. Aptiv’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities analysts forecast that Aptiv PLC will post 6.01 earnings per share for the current fiscal year.

Aptiv Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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