Providence Capital Advisors LLC Purchases 542 Shares of Aptiv PLC (NYSE:APTV)

Providence Capital Advisors LLC raised its position in shares of Aptiv PLC (NYSE:APTV) by 0.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,657 shares of the auto parts company’s stock after purchasing an additional 542 shares during the quarter. Providence Capital Advisors LLC’s holdings in Aptiv were worth $4,624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Davidson Kempner Capital Management LP bought a new stake in Aptiv during the 2nd quarter valued at about $6,690,000. Public Sector Pension Investment Board boosted its holdings in shares of Aptiv by 0.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 523,503 shares of the auto parts company’s stock valued at $36,865,000 after acquiring an additional 3,970 shares during the last quarter. Gabelli Funds LLC boosted its holdings in shares of Aptiv by 40.6% during the 2nd quarter. Gabelli Funds LLC now owns 83,176 shares of the auto parts company’s stock valued at $5,857,000 after acquiring an additional 24,000 shares during the last quarter. Prospector Partners LLC boosted its holdings in shares of Aptiv by 11.3% during the 2nd quarter. Prospector Partners LLC now owns 122,100 shares of the auto parts company’s stock valued at $8,598,000 after acquiring an additional 12,390 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after acquiring an additional 905,431 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on APTV shares. Bank of America dropped their price target on shares of Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. StockNews.com downgraded shares of Aptiv from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Morgan Stanley dropped their price objective on shares of Aptiv from $75.00 to $70.00 and set an “underweight” rating on the stock in a report on Wednesday, August 14th. Citigroup dropped their price objective on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Finally, Piper Sandler downgraded shares of Aptiv from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $78.00 to $63.00 in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.44.

Aptiv Trading Up 2.4 %

Aptiv stock opened at $71.54 on Tuesday. The stock has a market cap of $19.46 billion, a P/E ratio of 6.74, a PEG ratio of 0.60 and a beta of 1.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. Aptiv PLC has a 1 year low of $63.62 and a 1 year high of $100.88. The firm’s 50 day moving average price is $69.52 and its 200-day moving average price is $73.96.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.16. The firm had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 earnings per share. On average, equities analysts predict that Aptiv PLC will post 6.28 earnings per share for the current fiscal year.

Aptiv 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.