SeaBridge Investment Advisors LLC Grows Stock Position in Aptiv PLC (NYSE:APTV)

SeaBridge Investment Advisors LLC raised its holdings in shares of Aptiv PLC (NYSE:APTV) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,299 shares of the auto parts company’s stock after acquiring an additional 71 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Aptiv were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Anfield Capital Management LLC purchased a new position in shares of Aptiv during the 2nd quarter worth approximately $31,000. Trustcore Financial Services LLC increased its position in Aptiv by 237.8% during the second quarter. Trustcore Financial Services LLC now owns 250 shares of the auto parts company’s stock worth $39,000 after buying an additional 176 shares in the last quarter. Glassman Wealth Services purchased a new stake in shares of Aptiv in the second quarter valued at $39,000. Annapolis Financial Services LLC boosted its stake in shares of Aptiv by 200.0% during the first quarter. Annapolis Financial Services LLC now owns 300 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 200 shares during the last quarter. Finally, Wagner Wealth Management LLC acquired a new position in Aptiv in the 1st quarter valued at about $47,000. 89.34% of the stock is currently owned by institutional investors.

Aptiv stock traded up $3.30 during midday trading on Wednesday, hitting $153.13. 46,043 shares of the stock were exchanged, compared to its average volume of 1,521,298. Aptiv PLC has a 1 year low of $82.12 and a 1 year high of $170.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.60. The firm has a market cap of $41.42 billion, a P/E ratio of 40.94, a P/E/G ratio of 3.54 and a beta of 2.10. The company has a 50 day moving average price of $156.94 and a two-hundred day moving average price of $150.46.

Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, August 4th. The auto parts company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.07). Aptiv had a net margin of 6.72% and a return on equity of 13.68%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the business earned ($1.10) earnings per share. The firm’s revenue was up 94.2% on a year-over-year basis. As a group, analysts predict that Aptiv PLC will post 3.79 EPS for the current year.

In related news, CEO Kevin P. Clark sold 5,830 shares of Aptiv stock in a transaction on Tuesday, July 13th. The shares were sold at an average price of $157.41, for a total value of $917,700.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.45% of the company’s stock.

Several equities analysts recently issued reports on the stock. Barclays upped their price objective on shares of Aptiv from $164.00 to $174.00 and gave the company an “overweight” rating in a research note on Friday, August 6th. Oppenheimer upped their target price on Aptiv from $171.00 to $179.00 and gave the company an “outperform” rating in a research note on Friday, August 6th. Deutsche Bank Aktiengesellschaft raised their price target on Aptiv from $169.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, August 6th. Guggenheim raised shares of Aptiv from a “neutral” rating to a “buy” rating and set a $184.00 price objective for the company in a research note on Thursday, June 24th. Finally, Morgan Stanley raised their target price on shares of Aptiv from $205.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Aptiv has an average rating of “Buy” and a consensus target price of $157.88.

Aptiv Company Profile

Aptiv Plc engages in the design, development, and manufacture of vehicle components. The firm also provides electrical, electronic, and safety technology solutions to the global automotive and commercial vehicle markets. It operates through the following business segments: Signal and Power Solutions, Advanced Safety and User Experience, and Eliminations and Other.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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