SG Americas Securities LLC Increases Stock Position in Aptiv PLC $APTV

SG Americas Securities LLC raised its stake in shares of Aptiv PLC (NYSE:APTV) by 544.7% in the 1st quarter, HoldingsChannel reports. The firm owned 711,959 shares of the auto parts company’s stock after purchasing an additional 601,533 shares during the period. SG Americas Securities LLC’s holdings in Aptiv were worth $49,438,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Saranac Partners Ltd bought a new stake in shares of Aptiv during the 3rd quarter worth $25,000. Foster Dykema Cabot & Partners LLC bought a new position in Aptiv in the third quarter valued at $30,000. Larson Financial Group LLC raised its position in Aptiv by 240.0% during the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 252 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in Aptiv during the fourth quarter worth about $33,000. Finally, DV Equities LLC bought a new stake in Aptiv during the fourth quarter worth about $33,000. Institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on APTV. Royal Bank Of Canada reduced their price objective on Aptiv from $104.00 to $81.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Aptiv from $84.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Bank of America began coverage on shares of Aptiv in a report on Wednesday, March 4th. They issued a “buy” rating for the company. Barclays cut their price objective on shares of Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Finally, TD Cowen restated a “buy” rating on shares of Aptiv in a research report on Friday, June 12th. Twenty-two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.67.

Aptiv Stock Down 0.0%

NYSE APTV opened at $63.67 on Tuesday. Aptiv PLC has a 1 year low of $51.68 and a 1 year high of $88.93. The stock has a market capitalization of $13.47 billion, a PE ratio of 37.68, a PEG ratio of 1.07 and a beta of 1.45. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. The business’s 50-day moving average is $61.36 and its 200 day moving average is $70.81.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.Aptiv’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.69 EPS. Sell-side analysts forecast that Aptiv PLC will post 6.37 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the sale, the executive vice president owned 163,752 shares in the company, valued at $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.06% of the stock is owned by insiders.

Aptiv Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.