Pineridge Advisors LLC Makes New $67,000 Investment in Aptiv PLC (NYSE:APTV)

Pineridge Advisors LLC bought a new position in shares of Aptiv PLC (NYSE:APTV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 745 shares of the auto parts company’s stock, valued at approximately $67,000.

Other institutional investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Aptiv in the 4th quarter valued at $29,000. GAMMA Investing LLC acquired a new position in shares of Aptiv in the 4th quarter valued at $32,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Aptiv in the 4th quarter valued at $47,000. First Horizon Advisors Inc. grew its holdings in shares of Aptiv by 98.0% in the 4th quarter. First Horizon Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $53,000 after buying an additional 293 shares during the period. Finally, American National Bank lifted its position in Aptiv by 85.1% in the 4th quarter. American National Bank now owns 633 shares of the auto parts company’s stock valued at $57,000 after acquiring an additional 291 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Transactions at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the transaction, the director now owns 13,636 shares in the company, valued at approximately $1,049,699.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Barclays cut their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. UBS Group boosted their price objective on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Guggenheim boosted their price objective on shares of Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Robert W. Baird boosted their price objective on shares of Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $106.50.

Aptiv Stock Performance

Shares of Aptiv stock traded down $4.21 during trading on Friday, hitting $70.30. 3,007,356 shares of the stock were exchanged, compared to its average volume of 2,253,288. The stock has a market capitalization of $19.13 billion, a price-to-earnings ratio of 6.62, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87. The company has a fifty day moving average price of $77.94 and a 200-day moving average price of $80.37. Aptiv PLC has a 1-year low of $68.84 and a 1-year high of $113.60. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.11. The company had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. Aptiv’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. As a group, equities analysts predict that Aptiv PLC will post 6.01 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.