Aptiv PLC (NYSE:APTV) Shares Sold by Arbor Wealth Advisors LLC

Arbor Wealth Advisors LLC reduced its stake in shares of Aptiv PLC (NYSE:APTV) by 15.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,684 shares of the auto parts company’s stock after selling 3,218 shares during the quarter. Aptiv comprises approximately 1.2% of Arbor Wealth Advisors LLC’s portfolio, making the stock its 17th largest holding. Arbor Wealth Advisors LLC’s holdings in Aptiv were worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Riverview Trust Co acquired a new stake in shares of Aptiv in the first quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Aptiv during the 4th quarter worth $29,000. Hazlett Burt & Watson Inc. purchased a new position in Aptiv during the 1st quarter worth $28,000. GAMMA Investing LLC purchased a new position in shares of Aptiv during the fourth quarter worth about $32,000. Finally, Clearstead Trust LLC increased its position in Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 305 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APTV has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Aptiv from $104.00 to $107.00 and gave the stock an “overweight” rating in a research report on Monday. Guggenheim increased their price objective on Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Wells Fargo & Company decreased their target price on shares of Aptiv from $82.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Piper Sandler cut shares of Aptiv from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $78.00 to $63.00 in a research note on Wednesday, June 26th. Finally, Evercore ISI reduced their price objective on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, July 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.00.

Insider Buying and Selling

In other news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the transaction, the director now directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.

Aptiv Trading Up 1.5 %

Aptiv stock traded up $1.03 during trading on Thursday, reaching $68.94. The company had a trading volume of 3,837,531 shares, compared to its average volume of 2,941,742. Aptiv PLC has a 12-month low of $65.13 and a 12-month high of $105.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.49. The stock’s 50 day moving average price is $72.28 and its two-hundred day moving average price is $76.57. The firm has a market capitalization of $18.76 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 0.66 and a beta of 1.79.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The firm had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 earnings per share. As a group, equities analysts expect that Aptiv PLC will post 6.3 earnings per share 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.