Stratos Wealth Partners LTD. Sells 1,270 Shares of Aptiv PLC (NYSE:APTV)

Stratos Wealth Partners LTD. lessened its position in Aptiv PLC (NYSE:APTV) by 19.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,211 shares of the auto parts company’s stock after selling 1,270 shares during the period. Stratos Wealth Partners LTD.’s holdings in Aptiv were worth $310,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its position in Aptiv by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company’s stock worth $16,826,000 after buying an additional 9,552 shares during the period. Crossmark Global Holdings Inc. boosted its stake in Aptiv by 89.5% in the first quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company’s stock valued at $1,333,000 after buying an additional 10,585 shares in the last quarter. GAMMA Investing LLC boosted its stake in Aptiv by 348.2% in the first quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company’s stock valued at $164,000 after buying an additional 2,138 shares in the last quarter. Diametric Capital LP acquired a new stake in Aptiv in the fourth quarter valued at about $972,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Aptiv by 8.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company’s stock valued at $28,700,000 after purchasing an additional 35,426 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

NYSE:APTV opened at $69.31 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The firm’s fifty day simple moving average is $67.98 and its 200 day simple moving average is $63.09. The firm has a market capitalization of $15.09 billion, a PE ratio of 11.47, a PEG ratio of 0.79 and a beta of 1.46. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $80.95.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.16 EPS. On average, sell-side analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on APTV. Morgan Stanley cut their price objective on Aptiv from $60.00 to $55.00 and set an “underweight” rating on the stock in a research note on Monday, May 19th. Royal Bank Of Canada lifted their price objective on 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 raised Aptiv to a “hold” rating in a research note on Saturday, June 21st. Barclays lifted their price objective on Aptiv from $55.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Finally, Wells Fargo & Company lifted their target price on Aptiv from $85.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.38.

Aptiv 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.