7,668 Shares in Aptiv PLC $APTV Bought by TritonPoint Partners LLC

TritonPoint Partners LLC purchased a new position in shares of Aptiv PLC (NYSE:APTV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,668 shares of the auto parts company’s stock, valued at approximately $583,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Saranac Partners Ltd purchased a new stake in Aptiv during the 3rd quarter worth $25,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Aptiv during the 3rd quarter worth $30,000. Larson Financial Group LLC increased its stake in Aptiv by 240.0% during the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after buying an additional 252 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in Aptiv during the 4th quarter worth $33,000. Finally, Geneos Wealth Management Inc. increased its stake in Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after buying an additional 398 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Activity at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. The trade was a 1.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.06% of the company’s stock.

Aptiv Price Performance

APTV opened at $68.06 on Monday. The company has a 50-day moving average of $60.86 and a 200-day moving average of $71.34. The company has a market capitalization of $14.40 billion, a P/E ratio of 40.27, a PEG ratio of 1.14 and a beta of 1.45. Aptiv PLC has a 1-year low of $51.68 and a 1-year high of $88.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11.

Aptiv (NYSE:APTV) last released its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.09. The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.69 EPS. Equities analysts expect that Aptiv PLC will post 6.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on APTV. Oppenheimer dropped their price target on shares of Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Piper Sandler dropped their price target on shares of Aptiv from $106.00 to $94.00 and set an “overweight” rating on the stock in a research note on Monday, June 8th. Wolfe Research raised shares of Aptiv from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research report on Friday, March 6th. Bank of America started coverage on shares of Aptiv in a research report on Wednesday, March 4th. They issued a “buy” rating for the company. Finally, UBS Group dropped their target price on shares of Aptiv from $97.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Twenty-two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $82.67.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.