Mission Wealth Management LP Has $543,000 Holdings in Aptiv PLC (NYSE:APTV)

Mission Wealth Management LP cut its holdings in shares of Aptiv PLC (NYSE:APTV) by 4.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,813 shares of the auto parts company’s stock after selling 329 shares during the period. Mission Wealth Management LP’s holdings in Aptiv were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of Aptiv in the 1st quarter valued at about $25,000. Hazlett Burt & Watson Inc. bought a new stake in shares of Aptiv in the 1st quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Aptiv in the 4th quarter valued at about $29,000. GAMMA Investing LLC bought a new stake in shares of Aptiv in the 4th quarter valued at about $32,000. Finally, Mather Group LLC. bought a new stake in shares of Aptiv in the 1st quarter valued at about $33,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the sale, the director now owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com raised Aptiv from a “hold” rating to a “buy” rating in a research note on Thursday. Robert W. Baird increased their target price on Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Piper Sandler cut Aptiv from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $78.00 to $63.00 in a research note on Wednesday, June 26th. Guggenheim increased their target price on Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Wells Fargo & Company lowered their target price on Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $105.08.

Aptiv Stock Up 0.6 %

Shares of NYSE APTV traded up $0.39 during trading hours on Friday, hitting $70.18. The company had a trading volume of 2,913,153 shares, compared to its average volume of 3,483,371. The stock has a market capitalization of $19.09 billion, a P/E ratio of 6.61, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. Aptiv PLC has a 1-year low of $65.13 and a 1-year high of $113.60. The firm’s 50 day moving average is $77.51 and its 200-day moving average is $79.13.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.05 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, analysts expect that Aptiv PLC will post 6.01 earnings per share for the current fiscal year.

About Aptiv

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.