Arbor Wealth Advisors LLC Purchases New Stake in Aptiv PLC (NYSE:APTV)

Arbor Wealth Advisors LLC acquired a new position in Aptiv PLC (NYSE:APTV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 20,902 shares of the auto parts company’s stock, valued at approximately $1,875,000. Aptiv accounts for approximately 1.9% of Arbor Wealth Advisors LLC’s investment portfolio, making the stock its 11th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Aptiv during the 4th quarter worth approximately $29,000. GAMMA Investing LLC bought a new stake in Aptiv in the fourth quarter valued at $32,000. BluePath Capital Management LLC acquired a new position in shares of Aptiv during the third quarter valued at $55,000. TFC Financial Management Inc. grew its position in shares of Aptiv by 44.5% during the third quarter. TFC Financial Management Inc. now owns 614 shares of the auto parts company’s stock worth $61,000 after acquiring an additional 189 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of Aptiv by 248.9% in the 3rd quarter. Huntington National Bank now owns 642 shares of the auto parts company’s stock worth $63,000 after acquiring an additional 458 shares during the period. Institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

APTV has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Barclays decreased their price objective on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Guggenheim cut their target price on Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Piper Sandler decreased their price target on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Aptiv from $110.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.93.

Aptiv Stock Up 0.2 %

Shares of APTV traded up $0.15 during midday trading on Tuesday, reaching $70.25. 1,901,961 shares of the stock were exchanged, compared to its average volume of 2,659,877. The company has a market cap of $19.16 billion, a price-to-earnings ratio of 6.78, a P/E/G ratio of 0.89 and a beta of 1.90. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. Aptiv PLC has a 12-month low of $68.84 and a 12-month high of $113.60. The firm has a 50 day simple moving average of $76.97 and a 200-day simple moving average of $81.84.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. Research analysts forecast that Aptiv PLC will post 5.63 EPS for the current year.

Insider Activity at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.34% of the stock is owned by company insiders.

About Aptiv

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.