Janney Montgomery Scott LLC Sells 6,547 Shares of Aptiv PLC (NYSE:APTV)

Janney Montgomery Scott LLC lessened its holdings in shares of Aptiv PLC (NYSE:APTV) by 56.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,129 shares of the auto parts company’s stock after selling 6,547 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Aptiv were worth $305,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APTV. Picton Mahoney Asset Management acquired a new position in Aptiv during the fourth quarter valued at approximately $37,000. Versant Capital Management Inc grew its holdings in Aptiv by 201.7% during the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 470 shares during the last quarter. UMB Bank n.a. acquired a new position in Aptiv during the first quarter valued at approximately $48,000. MassMutual Private Wealth & Trust FSB grew its holdings in Aptiv by 164.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company’s stock valued at $81,000 after purchasing an additional 848 shares during the last quarter. Finally, GeoWealth Management LLC grew its holdings in Aptiv by 203.2% during the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock valued at $92,000 after purchasing an additional 1,022 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 0.3%

Shares of NYSE APTV opened at $72.42 on Friday. The business has a fifty day moving average of $66.19 and a two-hundred day moving average of $62.55. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $80.95. The stock has a market cap of $15.77 billion, a PE ratio of 11.99, a PEG ratio of 0.81 and a beta of 1.46.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the previous year, the business posted $1.16 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on APTV shares. Wells Fargo & Company raised their price objective on shares of Aptiv from $85.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Royal Bank Of Canada raised their price objective on shares of Aptiv from $60.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Aptiv to a “hold” rating in a research note on Saturday, June 21st. Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the stock a “neutral” rating in a research note on Thursday, May 22nd. Finally, UBS Group raised their price objective on shares of Aptiv from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.61.

Aptiv Company Profile

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.