RWA Wealth Partners LLC Invests $227,000 in Aptiv PLC (NYSE:APTV)

RWA Wealth Partners LLC purchased a new stake in shares of Aptiv PLC (NYSE:APTV) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,530 shares of the auto parts company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in Aptiv by 7.8% during the third quarter. Assetmark Inc. now owns 1,780 shares of the auto parts company’s stock valued at $175,000 after acquiring an additional 129 shares during the period. Steph & Co. increased its stake in Aptiv by 4.3% during the third quarter. Steph & Co. now owns 3,149 shares of the auto parts company’s stock valued at $310,000 after acquiring an additional 130 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Aptiv by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock valued at $578,000 after purchasing an additional 145 shares in the last quarter. Bangor Savings Bank boosted its holdings in Aptiv by 1.4% during the fourth quarter. Bangor Savings Bank now owns 11,648 shares of the auto parts company’s stock valued at $1,045,000 after purchasing an additional 163 shares in the last quarter. Finally, TFC Financial Management Inc. boosted its holdings in Aptiv by 44.5% during the third quarter. TFC Financial Management Inc. now owns 614 shares of the auto parts company’s stock valued at $61,000 after purchasing an additional 189 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley downgraded Aptiv from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. Piper Sandler decreased their price objective on Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Oppenheimer decreased their price objective on Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Citigroup decreased their price objective on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. decreased their price objective on Aptiv from $110.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $109.93.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction on 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.34% of the company’s stock.

Aptiv Stock Up 1.6 %

NYSE:APTV opened at $71.22 on Friday. The stock’s fifty day moving average price is $76.48 and its two-hundred day moving average price is $81.51. Aptiv PLC has a 52-week low of $68.84 and a 52-week high of $113.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. The company has a market cap of $19.42 billion, a price-to-earnings ratio of 6.87, a P/E/G ratio of 0.91 and a beta of 1.90.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. On average, analysts anticipate that Aptiv PLC will post 5.62 EPS for the current 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.