Tran Capital Management L.P. Has $17.10 Million Stake in Aptiv PLC (NYSE:APTV)

Tran Capital Management L.P. decreased its position in shares of Aptiv PLC (NYSE:APTV) by 7.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 214,693 shares of the auto parts company’s stock after selling 17,345 shares during the period. Aptiv comprises about 1.9% of Tran Capital Management L.P.’s investment portfolio, making the stock its 21st largest holding. Tran Capital Management L.P.’s holdings in Aptiv were worth $17,100,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Financial Advocates Investment Management boosted its stake in Aptiv by 5.9% in the fourth quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock valued at $211,000 after acquiring an additional 132 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Aptiv by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock worth $578,000 after purchasing an additional 145 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Aptiv by 11.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock worth $130,000 after purchasing an additional 146 shares in the last quarter. Bangor Savings Bank boosted its position in shares of Aptiv by 1.4% during the fourth quarter. Bangor Savings Bank now owns 11,648 shares of the auto parts company’s stock worth $1,045,000 after purchasing an additional 163 shares in the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of Aptiv by 1.2% during the fourth quarter. Advisory Services Network LLC now owns 14,892 shares of the auto parts company’s stock worth $1,336,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on APTV. Piper Sandler cut shares of Aptiv from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $78.00 to $63.00 in a research report on Wednesday, June 26th. UBS Group lifted their price target on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Guggenheim lifted their price target on shares of Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Barclays dropped their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Finally, Oppenheimer dropped their price objective on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.08.

Insider Buying and Selling at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the transaction, the director now directly owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Aptiv Stock Up 0.5 %

APTV stock traded up $0.35 during midday trading on Thursday, hitting $69.79. The company’s stock had a trading volume of 1,381,888 shares, compared to its average volume of 3,665,865. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. Aptiv PLC has a twelve month low of $65.13 and a twelve month high of $113.60. The company’s fifty day moving average price is $77.53 and its 200 day moving average price is $79.32. The stock has a market capitalization of $18.99 billion, a P/E ratio of 6.58, a PEG ratio of 0.66 and a beta of 1.79.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous year, the business earned $0.91 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts predict that Aptiv PLC will post 6.01 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.