Certuity LLC Takes $1.22 Million Position in Aptiv PLC (NYSE:APTV)

Certuity LLC purchased a new position in Aptiv PLC (NYSE:APTV) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,271 shares of the auto parts company’s stock, valued at approximately $1,216,000.

Several other institutional investors have also recently added to or reduced their stakes in APTV. Riverview Trust Co acquired a new stake in Aptiv during the first quarter valued at approximately $25,000. Independence Bank of Kentucky bought a new position in Aptiv during the second quarter worth $25,000. Hazlett Burt & Watson Inc. acquired a new position in Aptiv in the first quarter worth $28,000. Crewe Advisors LLC increased its stake in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 215 shares during the last quarter. Finally, Clearstead Trust LLC raised its holdings in shares of Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 305 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Price Performance

NYSE APTV opened at $68.49 on Friday. Aptiv PLC has a 12 month low of $65.13 and a 12 month high of $104.72. The firm has a market capitalization of $18.63 billion, a PE ratio of 6.46, a P/E/G ratio of 0.65 and a beta of 1.79. The company’s 50 day simple moving average is $69.85 and its 200 day simple moving average is $74.74. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The company had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the previous year, the business earned $1.25 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that Aptiv PLC will post 6.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on APTV shares. JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $104.00 to $107.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Piper Sandler downgraded Aptiv from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $78.00 to $63.00 in a research note on Wednesday, June 26th. Morgan Stanley dropped their price target on Aptiv from $75.00 to $70.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 14th. Wolfe Research began coverage on Aptiv in a research report on Thursday. They set an “outperform” rating and a $89.00 price objective for the company. Finally, Bank of America reduced their price target on shares of Aptiv from $115.00 to $105.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.27.

Insider Transactions at Aptiv

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the transaction, the director now owns 13,636 shares in the company, valued at $1,049,699.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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.