Clearstead Trust LLC Increases Holdings in Aptiv PLC (NYSE:APTV)

Clearstead Trust LLC lifted its position in Aptiv PLC (NYSE:APTV) by 305.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 405 shares of the auto parts company’s stock after purchasing an additional 305 shares during the period. Clearstead Trust LLC’s holdings in Aptiv were worth $32,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of APTV. Riverview Trust Co bought a new position in Aptiv in the first quarter worth approximately $25,000. Hazlett Burt & Watson Inc. bought a new position in Aptiv in the first quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new position in Aptiv in the fourth quarter worth approximately $29,000. GAMMA Investing LLC bought a new position in Aptiv in the fourth quarter worth approximately $32,000. Finally, Mather Group LLC. bought a new position in Aptiv in the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of NYSE:APTV traded down $2.81 during trading on Friday, reaching $68.87. 5,526,582 shares of the company’s stock traded hands, compared to its average volume of 3,579,039. Aptiv PLC has a fifty-two week low of $65.13 and a fifty-two week high of $113.14. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The firm has a market cap of $18.74 billion, a PE ratio of 6.49, a P/E/G ratio of 0.66 and a beta of 1.79. The company has a 50-day simple moving average of $75.96 and a 200-day simple moving average of $77.80.

Aptiv (NYSE:APTV) last posted 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. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same period last year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, analysts predict that Aptiv PLC will post 5.99 earnings per share for the current year.

Insider Activity

In related news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total value of $30,330.12. Following the sale, the director now directly owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Piper Sandler downgraded shares of Aptiv from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $78.00 to $63.00 in a research note on Wednesday, June 26th. Citigroup reduced their price target on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. StockNews.com downgraded Aptiv from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. upped their price target on Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Finally, Wells Fargo & Company cut their target price on Aptiv from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.92.

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.