BlackDiamond Wealth Management LLC Acquires 497 Shares of Aptiv PLC (NYSE:APTV)

BlackDiamond Wealth Management LLC raised its holdings in shares of Aptiv PLC (NYSE:APTV) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,653 shares of the auto parts company’s stock after purchasing an additional 497 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in Aptiv were worth $465,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Aptiv by 11.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock valued at $130,000 after acquiring an additional 146 shares in the last quarter. Dai ichi Life Insurance Company Ltd raised its holdings in shares of Aptiv by 33.6% in the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 59,675 shares of the auto parts company’s stock valued at $5,354,000 after acquiring an additional 15,000 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Aptiv by 50.2% in the fourth quarter. Assetmark Inc. now owns 2,674 shares of the auto parts company’s stock valued at $240,000 after acquiring an additional 894 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of Aptiv in the fourth quarter valued at about $596,000. Finally, Sachetta LLC bought a new stake in shares of Aptiv in the fourth quarter valued at about $60,000. 94.21% of the stock is currently owned by institutional investors.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the sale, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on APTV shares. Citigroup cut their target price on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Piper Sandler cut their target price on Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Robert W. Baird lifted their target price on Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Morgan Stanley lowered Aptiv from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $90.00 to $74.00 in a research note on Wednesday, February 7th. Finally, Guggenheim lifted their target price on Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.31.

Aptiv Stock Performance

NYSE APTV traded down $0.87 during trading hours on Thursday, reaching $80.84. The stock had a trading volume of 1,080,419 shares, compared to its average volume of 2,629,464. The stock has a fifty day moving average of $77.15 and a 200 day moving average of $80.19. The stock has a market cap of $21.99 billion, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 0.66 and a beta of 1.90. Aptiv PLC has a 52-week low of $68.84 and a 52-week high of $113.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. Aptiv’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Sell-side analysts predict that Aptiv PLC will post 6.01 earnings per share for the current 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.