Aptiv PLC (NYSE:APTV) Shares Acquired by JB Capital LLC

JB Capital LLC increased its holdings in Aptiv PLC (NYSE:APTV) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,573 shares of the auto parts company’s stock after acquiring an additional 1,801 shares during the quarter. JB Capital LLC’s holdings in Aptiv were worth $2,646,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of APTV. &PARTNERS grew its stake in shares of Aptiv by 63.6% in the 2nd quarter. &PARTNERS now owns 14,519 shares of the auto parts company’s stock valued at $1,006,000 after purchasing an additional 5,643 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in Aptiv in the 2nd quarter valued at $2,283,000. Fifth Third Wealth Advisors LLC increased its stake in Aptiv by 31.7% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 3,614 shares of the auto parts company’s stock valued at $254,000 after buying an additional 869 shares during the period. Baker Chad R raised its position in Aptiv by 45.3% during the 2nd quarter. Baker Chad R now owns 14,845 shares of the auto parts company’s stock worth $1,045,000 after buying an additional 4,625 shares during the last quarter. Finally, Ninety One UK Ltd lifted its stake in shares of Aptiv by 6.8% in the 2nd quarter. Ninety One UK Ltd now owns 2,236,963 shares of the auto parts company’s stock worth $157,527,000 after acquiring an additional 142,717 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Transactions at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the sale, the director now directly owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and set a $145.00 price target on shares of Aptiv in a report on Tuesday, July 9th. Robert W. Baird reduced their price target on Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Piper Sandler downgraded Aptiv from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $78.00 to $63.00 in a research note on Wednesday, June 26th. Evercore ISI cut their price objective on Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 15th. Finally, Morgan Stanley decreased their target price on shares of Aptiv from $75.00 to $70.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $96.64.

Aptiv Trading Up 3.1 %

NYSE:APTV traded up $2.19 on Friday, reaching $72.29. The stock had a trading volume of 2,639,915 shares, compared to its average volume of 2,933,827. Aptiv PLC has a 12-month low of $65.13 and a 12-month high of $104.72. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 6.82, a P/E/G ratio of 0.66 and a beta of 1.79. The firm’s fifty day moving average is $70.03 and its two-hundred day moving average is $75.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 0.89.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the previous year, the company earned $1.25 EPS. Aptiv’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts expect that Aptiv PLC will post 6.3 EPS for the current fiscal year.

About Aptiv

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.