J.Safra Asset Management Corp Lowers Stock Holdings in Aptiv PLC (NYSE:APTV)

J.Safra Asset Management Corp lowered its stake in shares of Aptiv PLC (NYSE:APTV) by 45.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 490 shares of the auto parts company’s stock after selling 411 shares during the quarter. J.Safra Asset Management Corp’s holdings in Aptiv were worth $35,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Riverview Trust Co purchased a new stake in Aptiv during the 1st quarter worth $25,000. Hazlett Burt & Watson Inc. purchased a new position in shares of Aptiv in the first quarter valued at $28,000. GAMMA Investing LLC purchased a new stake in Aptiv during the 4th quarter worth $32,000. Clearstead Trust LLC lifted its holdings in Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after buying an additional 305 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Aptiv during the first quarter valued at about $33,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Price Performance

Aptiv stock traded up $0.35 during trading hours on Friday, hitting $69.04. 688,233 shares of the company traded hands, compared to its average volume of 2,948,618. The firm’s 50-day simple moving average is $70.76 and its two-hundred day simple moving average is $76.04. The firm has a market cap of $18.78 billion, a P/E ratio of 6.47, a P/E/G ratio of 0.66 and a beta of 1.79. Aptiv PLC has a 1-year low of $65.13 and a 1-year high of $104.72. The company has a quick ratio of 0.89, a current ratio of 1.49 and a debt-to-equity ratio of 0.47.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the previous year, the business earned $1.25 earnings per share. Aptiv’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts forecast that Aptiv PLC will post 6.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on APTV shares. JPMorgan Chase & Co. increased their target price on Aptiv from $104.00 to $107.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Morgan Stanley cut their target price on shares of Aptiv from $75.00 to $70.00 and set an “underweight” rating on the stock in a research note on Wednesday. Citigroup decreased their price target on Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Bank of America cut their price objective on Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, Barclays decreased their target price on Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $96.64.

Insiders Place Their Bets

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the company’s 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 transaction, the director now directly 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 SEC, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.

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.