Ellis Investment Partners LLC Purchases 4,529 Shares of Aptiv PLC (NYSE:APTV)

Ellis Investment Partners LLC grew its position in shares of Aptiv PLC (NYSE:APTV) by 39.3% in the 2nd quarter, Holdings Channel reports. The firm owned 16,052 shares of the auto parts company’s stock after acquiring an additional 4,529 shares during the quarter. Ellis Investment Partners LLC’s holdings in Aptiv were worth $1,130,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Financial Advocates Investment Management grew its position in shares of Aptiv by 5.9% during the 4th quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock worth $211,000 after buying an additional 132 shares during the period. Broderick Brian C grew its position in shares of Aptiv by 0.6% during the 1st quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock worth $1,731,000 after buying an additional 132 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Aptiv by 11.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock worth $130,000 after buying an additional 146 shares during the period. Signaturefd LLC grew its position in shares of Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after buying an additional 156 shares during the period. Finally, Lindbrook Capital LLC grew its position in shares of Aptiv by 27.3% during the 1st quarter. Lindbrook Capital LLC now owns 812 shares of the auto parts company’s stock worth $65,000 after buying an additional 174 shares during the period. Institutional investors own 94.21% of the company’s stock.

Insider Transactions at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the sale, 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 is available at the SEC website. Company insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. UBS Group reduced their price target on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Oppenheimer reissued an “outperform” rating and issued a $145.00 price target on shares of Aptiv in a research report on Tuesday, July 9th. Barclays reduced their price target on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Piper Sandler downgraded shares of Aptiv from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $78.00 to $63.00 in a research report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.27.

Aptiv Price Performance

APTV opened at $68.49 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. The company has a market capitalization of $18.63 billion, a price-to-earnings ratio of 6.46, a P/E/G ratio of 0.65 and a beta of 1.79. The firm’s fifty day moving average price is $69.85 and its two-hundred day moving average price is $74.74. Aptiv PLC has a 1 year low of $65.13 and a 1 year high of $104.72.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 EPS. As a group, analysts anticipate that Aptiv PLC will post 6.28 earnings per share 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.