Townsquare Capital LLC Takes Position in Aptiv PLC $APTV

Townsquare Capital LLC purchased a new position in Aptiv PLC (NYSE:APTV) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,736 shares of the auto parts company’s stock, valued at approximately $1,012,000.

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC grew its holdings in shares of Aptiv by 31.5% during the third quarter. True Wealth Design LLC now owns 522 shares of the auto parts company’s stock valued at $45,000 after buying an additional 125 shares during the last quarter. Stephens Inc. AR lifted its position in Aptiv by 3.9% in the 2nd quarter. Stephens Inc. AR now owns 4,096 shares of the auto parts company’s stock valued at $279,000 after acquiring an additional 155 shares in the last quarter. Unified Investment Management boosted its stake in Aptiv by 1.5% during the 3rd quarter. Unified Investment Management now owns 12,223 shares of the auto parts company’s stock valued at $1,054,000 after purchasing an additional 178 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Aptiv by 18.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,148 shares of the auto parts company’s stock worth $78,000 after purchasing an additional 179 shares in the last quarter. Finally, MAI Capital Management raised its stake in shares of Aptiv by 6.5% in the second quarter. MAI Capital Management now owns 3,458 shares of the auto parts company’s stock worth $236,000 after purchasing an additional 211 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APTV has been the topic of several recent analyst reports. Wall Street Zen raised Aptiv from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. US Capital Advisors set a $110.00 price target on shares of Aptiv in a report on Tuesday, January 13th. Zacks Research cut shares of Aptiv from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Argus increased their price objective on shares of Aptiv from $78.00 to $99.00 in a research report on Monday, November 10th. Finally, Morgan Stanley set a $84.00 target price on shares of Aptiv and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $99.48.

Aptiv Price Performance

Shares of Aptiv stock opened at $75.68 on Friday. The stock has a market cap of $16.35 billion, a P/E ratio of 60.06, a P/E/G ratio of 0.96 and a beta of 1.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.79. The stock’s fifty day moving average is $78.61 and its 200 day moving average is $78.68. Aptiv PLC has a one year low of $47.19 and a one year high of $88.93.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 30th. The auto parts company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.36. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter in the prior year, the business posted $1.83 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Sell-side analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Buying and Selling

In other Aptiv news, EVP Katherine H. Ramundo sold 5,000 shares of Aptiv stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $85.00, for a total transaction of $425,000.00. Following the transaction, the executive vice president owned 116,959 shares of the company’s stock, valued at $9,941,515. The trade was a 4.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.45% of the company’s stock.

Aptiv Profile

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.