Arbor Wealth Advisors LLC Invests $1.88 Million in Aptiv PLC (NYSE:APTV)

Arbor Wealth Advisors LLC acquired 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 firm acquired 20,902 shares of the auto parts company’s stock, valued at approximately $1,875,000. Aptiv accounts for 1.9% of Arbor Wealth Advisors LLC’s holdings, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. South Dakota Investment Council lifted its stake in Aptiv by 9.4% in the fourth quarter. South Dakota Investment Council now owns 8,692 shares of the auto parts company’s stock valued at $780,000 after buying an additional 750 shares in the last quarter. GAMMA Investing LLC bought a new stake in Aptiv in the 4th quarter valued at $32,000. RWA Wealth Partners LLC acquired a new position in Aptiv in the 4th quarter worth $227,000. OLD National Bancorp IN increased its holdings in Aptiv by 23.7% during the 4th quarter. OLD National Bancorp IN now owns 70,926 shares of the auto parts company’s stock worth $6,363,000 after purchasing an additional 13,579 shares in the last quarter. Finally, Hunter Associates Investment Management LLC raised its stake in shares of Aptiv by 6.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 31,005 shares of the auto parts company’s stock valued at $2,780,000 after purchasing an additional 1,827 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the sale, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Aptiv Stock Performance

Shares of APTV traded up $0.15 during mid-day trading on Tuesday, reaching $70.25. The company’s stock had a trading volume of 1,901,961 shares, compared to its average volume of 2,659,877. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. Aptiv PLC has a 1-year low of $68.84 and a 1-year high of $113.60. The business has a 50-day simple moving average of $76.97 and a two-hundred day simple moving average of $81.84. The stock has a market cap of $19.16 billion, a P/E ratio of 6.78, a PEG ratio of 0.89 and a beta of 1.90.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. As a group, equities research analysts anticipate that Aptiv PLC will post 5.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays reduced their price objective on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Royal Bank of Canada lowered their price objective on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Morgan Stanley downgraded shares of Aptiv from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $90.00 to $74.00 in a research report on Wednesday, February 7th. Wells Fargo & Company cut their price target on shares of Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Aptiv from $110.00 to $109.00 and set an “overweight” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $109.93.

Aptiv 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.