Washington Capital Management Inc. Boosts Holdings in Aptiv PLC (NYSE:APTV)

Washington Capital Management Inc. raised its holdings in Aptiv PLC (NYSE:APTV) by 139.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,275 shares of the auto parts company’s stock after buying an additional 7,725 shares during the quarter. Washington Capital Management Inc.’s holdings in Aptiv were worth $790,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management purchased a new stake in Aptiv in the 4th quarter valued at about $37,000. Versant Capital Management Inc grew its holdings in Aptiv by 201.7% in the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company’s stock valued at $42,000 after buying an additional 470 shares during the period. UMB Bank n.a. purchased a new stake in Aptiv in the 1st quarter valued at about $48,000. MassMutual Private Wealth & Trust FSB grew its holdings in Aptiv by 164.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company’s stock valued at $81,000 after buying an additional 848 shares during the period. Finally, GeoWealth Management LLC grew its holdings in Aptiv by 203.2% in the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock valued at $92,000 after buying an additional 1,022 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on APTV shares. Guggenheim lowered Aptiv from a “buy” rating to a “neutral” rating in a research note on Wednesday. Argus raised Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. Piper Sandler set a $70.00 price objective on Aptiv and gave the company a “neutral” rating in a research note on Thursday, May 22nd. Evercore ISI reduced their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Finally, UBS Group lifted their price objective on Aptiv from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.50.

Aptiv Stock Performance

Aptiv stock opened at $66.69 on Friday. The stock’s 50 day moving average price is $59.58 and its 200 day moving average price is $60.83. The firm has a market capitalization of $14.52 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 0.62 and a beta of 1.47. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv PLC has a one year low of $47.19 and a one year high of $81.42.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the company posted $1.16 EPS. Aptiv’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Aptiv Company 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.