AE Wealth Management LLC grew its stake in Aptiv PLC (NYSE:APTV – Get Rating) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,783 shares of the auto parts company’s stock after purchasing an additional 2,011 shares during the period. AE Wealth Management LLC’s holdings in Aptiv were worth $3,519,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of APTV. Raymond James Financial Services Advisors Inc. grew its holdings in Aptiv by 5.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,839 shares of the auto parts company’s stock worth $1,657,000 after acquiring an additional 732 shares during the period. Panagora Asset Management Inc. grew its holdings in Aptiv by 127.8% during the first quarter. Panagora Asset Management Inc. now owns 10,798 shares of the auto parts company’s stock worth $1,293,000 after acquiring an additional 6,057 shares during the period. Synovus Financial Corp grew its holdings in Aptiv by 15.0% during the first quarter. Synovus Financial Corp now owns 3,395 shares of the auto parts company’s stock worth $406,000 after acquiring an additional 443 shares during the period. Cibc World Market Inc. grew its holdings in Aptiv by 25.4% during the first quarter. Cibc World Market Inc. now owns 5,600 shares of the auto parts company’s stock worth $670,000 after acquiring an additional 1,133 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in Aptiv by 32.6% during the first quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company’s stock worth $268,000 after acquiring an additional 551 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on APTV. Robert W. Baird upped their price objective on Aptiv from $135.00 to $141.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Citigroup boosted their target price on Aptiv from $138.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, February 15th. Bank of America downgraded Aptiv from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $151.00 to $120.00 in a research report on Monday, January 9th. Wells Fargo & Company decreased their target price on Aptiv from $120.00 to $113.00 and set an “equal weight” rating on the stock in a research report on Monday, April 10th. Finally, Wolfe Research downgraded Aptiv from an “outperform” rating to a “peer perform” rating in a research report on Friday, February 3rd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.50.
Aptiv Stock Down 0.1 %
Aptiv (NYSE:APTV – Get Rating) last released its earnings results on Thursday, February 2nd. The auto parts company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.19 by $0.08. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.44 billion. Aptiv had a return on equity of 11.29% and a net margin of 3.40%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. As a group, equities research analysts forecast that Aptiv PLC will post 4.26 earnings per share for the current fiscal year.
Insider Activity at Aptiv
In related news, COO William T. Presley sold 7,000 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $120.00, for a total value of $840,000.00. Following the completion of the transaction, the chief operating officer now directly owns 62,833 shares in the company, valued at $7,539,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Aptiv news, COO William T. Presley sold 7,000 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $120.00, for a total transaction of $840,000.00. Following the completion of the sale, the chief operating officer now directly owns 62,833 shares in the company, valued at $7,539,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin P. Clark sold 6,665 shares of the company’s stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $105.05, for a total value of $700,158.25. Following the sale, the chief executive officer now owns 585,480 shares of the company’s stock, valued at $61,504,674. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,995 shares of company stock worth $3,088,838. 0.41% of the stock is currently owned by insiders.
Aptiv Profile
Aptiv Plc is a technology and mobility architecture company, which engages in the business of designing and manufacturing vehicle components; providing electrical, electronic, and active safety technology solutions to the global automotive and commercial vehicle markets; and creating the software and hardware foundation for vehicle features and functionality.
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