Providence Capital Advisors LLC Has $6.27 Million Stake in Aptiv PLC (NYSE:APTV)

Providence Capital Advisors LLC lifted its holdings in Aptiv PLC (NYSE:APTV) by 32.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,115 shares of the auto parts company’s stock after purchasing an additional 21,458 shares during the period. Providence Capital Advisors LLC’s holdings in Aptiv were worth $6,273,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in APTV. Wolff Wiese Magana LLC increased its position in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the period. Signaturefd LLC raised its stake in Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 156 shares during the last quarter. Mather Group LLC. boosted its holdings in Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 176 shares during the period. Farther Finance Advisors LLC grew its position in Aptiv by 16.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after purchasing an additional 176 shares during the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APTV has been the subject of several research reports. Robert W. Baird reduced their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Bank of America reduced their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. TD Cowen lowered their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.29.

Aptiv Stock Performance

Shares of NYSE:APTV opened at $55.50 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $91.66. The stock has a market capitalization of $13.04 billion, a P/E ratio of 6.19, a P/E/G ratio of 0.58 and a beta of 1.81. The business has a 50-day moving average price of $64.27 and a two-hundred day moving average price of $69.86.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. Aptiv’s revenue for the quarter was down 5.1% compared to the same quarter last year. Equities analysts predict that Aptiv PLC will post 6.15 earnings per share for the current 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.