Aptiv PLC (NYSE:APTV) Shares Purchased by Providence Capital Advisors LLC

Providence Capital Advisors LLC increased its stake in shares of Aptiv PLC (NYSE:APTV) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,479 shares of the auto parts company’s stock after buying an additional 364 shares during the quarter. Providence Capital Advisors LLC’s holdings in Aptiv were worth $5,291,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Aptiv by 1,390.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after acquiring an additional 1,090,766 shares during the period. Victory Capital Management Inc. lifted its holdings in Aptiv by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock worth $234,799,000 after buying an additional 223,831 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Aptiv by 19.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock valued at $172,117,000 after purchasing an additional 468,069 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Trading Down 5.3 %

APTV opened at $62.31 on Friday. The company’s 50 day moving average price is $64.06 and its two-hundred day moving average price is $63.08. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 0.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on APTV shares. Evercore ISI decreased their price objective on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Guggenheim reiterated a “buy” rating and issued a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. Oppenheimer raised their target price on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Piper Sandler increased their price objective on Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Finally, UBS Group lifted their target price on shares of Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.61.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares of the company’s stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.45% of the company’s stock.

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.