Focus Partners Advisor Solutions LLC Buys New Shares in Aptiv PLC $APTV

Focus Partners Advisor Solutions LLC bought a new stake in shares of Aptiv PLC (NYSE:APTV) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 8,053 shares of the auto parts company’s stock, valued at approximately $549,000.

A number of other large investors also recently modified their holdings of APTV. Goldman Sachs Group Inc. lifted its stake in shares of Aptiv by 242.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock valued at $509,366,000 after buying an additional 6,062,438 shares in the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Aptiv during the 1st quarter valued at $117,260,000. Pacer Advisors Inc. lifted its stake in shares of Aptiv by 5,379.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company’s stock valued at $113,489,000 after buying an additional 1,872,571 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Aptiv by 53.6% during the 1st quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company’s stock valued at $209,179,000 after buying an additional 1,227,020 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Aptiv in the 1st quarter worth $47,825,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Buying and Selling

In related news, CAO Allan J. Brazier sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the sale, the chief accounting officer owned 49,820 shares of the company’s stock, valued at $4,234,700. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.45% of the stock is owned by insiders.

Aptiv Stock Performance

Shares of NYSE:APTV opened at $85.94 on Thursday. The company has a market capitalization of $18.71 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 0.94 and a beta of 1.55. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $88.80. The firm’s 50-day moving average is $83.26 and its 200 day moving average is $72.06. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the prior year, the firm earned $1.58 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Aptiv from $97.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Citigroup assumed coverage on Aptiv in a research note on Friday, October 10th. They issued a “buy” rating and a $109.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Aptiv from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Daiwa Capital Markets raised their price objective on Aptiv from $79.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Oppenheimer raised their price objective on Aptiv from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.35.

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.