25,201 Shares in Aptiv PLC (NYSE:APTV) Bought by Proactive Wealth Strategies LLC

Proactive Wealth Strategies LLC acquired a new position in shares of Aptiv PLC (NYSE:APTV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,201 shares of the auto parts company’s stock, valued at approximately $1,815,000.

A number of other large investors have also recently bought and sold shares of APTV. Independence Bank of Kentucky bought a new position in Aptiv in the 2nd quarter valued at approximately $25,000. Crewe Advisors LLC boosted its stake in shares of 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 in the last quarter. Clearstead Trust LLC boosted its position in Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after buying an additional 305 shares during the period. Wolff Wiese Magana LLC increased its position in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in Aptiv during the 2nd quarter worth $38,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on APTV shares. Robert W. Baird cut their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Royal Bank of Canada decreased their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Bank of America cut their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, StockNews.com initiated coverage on shares of Aptiv in a research report on Monday. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Aptiv Stock Performance

Shares of APTV stock opened at $55.93 on Tuesday. The company has a market capitalization of $13.15 billion, a price-to-earnings ratio of 6.24, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The company’s 50-day moving average is $67.69 and its 200 day moving average is $71.81. Aptiv PLC has a one year low of $52.81 and a one year high of $91.66.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.30 EPS. Sell-side analysts expect that Aptiv PLC will post 6.18 EPS for the current fiscal year.

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.