State of Alaska Department of Revenue boosted its stake in Aptiv PLC (NYSE:APTV – Get Rating) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,930 shares of the auto parts company's stock after acquiring an additional 870 shares during the period. State of Alaska Department of Revenue's holdings in Aptiv were worth $3,467,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in APTV. Tyler Stone Wealth Management purchased a new stake in Aptiv in the 4th quarter valued at approximately $27,000. Hanson & Doremus Investment Management boosted its stake in shares of Aptiv by 137.4% during the 1st quarter. Hanson & Doremus Investment Management now owns 216 shares of the auto parts company's stock worth $26,000 after acquiring an additional 125 shares in the last quarter. Karlinski Andrew C purchased a new stake in shares of Aptiv during the 1st quarter worth approximately $38,000. Glassman Wealth Services purchased a new stake in shares of Aptiv during the 4th quarter worth approximately $56,000. Finally, Tcwp LLC purchased a new stake in shares of Aptiv during the 1st quarter worth approximately $45,000. Institutional investors and hedge funds own 90.03% of the company's stock.
Get Aptiv alerts:Aptiv Trading Down 2.3 %
Shares of APTV opened at $90.85 on Thursday. The stock has a fifty day moving average of $98.55 and a two-hundred day moving average of $101.66. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.04 and a current ratio of 2.63. The company has a market capitalization of $24.61 billion, a PE ratio of 216.31, a price-to-earnings-growth ratio of 2.75 and a beta of 2.01. Aptiv PLC has a fifty-two week low of $84.14 and a fifty-two week high of $180.81.
Aptiv (NYSE:APTV – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The auto parts company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.36). The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. Aptiv had a return on equity of 6.01% and a net margin of 1.10%. The company's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. As a group, analysts forecast that Aptiv PLC will post 3.2 EPS for the current year.Insider Transactions at Aptiv
In other news, CEO Kevin P. Clark sold 6,665 shares of the company's stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $96.76, for a total transaction of $644,905.40. Following the completion of the sale, the chief executive officer now directly owns 625,887 shares in the company, valued at approximately $60,560,826.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 19,995 shares of company stock worth $1,887,195 in the last ninety days. Insiders own 0.41% of the company's stock.
Analyst Upgrades and Downgrades
APTV has been the topic of several research analyst reports. Guggenheim decreased their price target on Aptiv from $180.00 to $173.00 and set a "buy" rating on the stock in a research note on Wednesday, July 20th. Cowen cut their price objective on Aptiv to $130.00 in a research report on Tuesday, August 9th. Oppenheimer cut their price objective on Aptiv from $172.00 to $162.00 and set an "outperform" rating for the company in a research report on Monday, August 8th. The Goldman Sachs Group cut their price objective on Aptiv from $150.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, June 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Aptiv from $136.00 to $132.00 and set a "buy" rating for the company in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $151.11.
Aptiv Profile
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Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.
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