Sequoia Financial Advisors LLC Has $283,000 Position in Aptiv PLC (NYSE:APTV)

Sequoia Financial Advisors LLC grew its position in Aptiv PLC (NYSE:APTV) by 26.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,754 shares of the auto parts company’s stock after purchasing an additional 1,006 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Aptiv were worth $283,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Diametric Capital LP bought a new position in Aptiv in the 4th quarter valued at approximately $972,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Aptiv by 8.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company’s stock valued at $28,700,000 after purchasing an additional 35,426 shares during the last quarter. Johnson Investment Counsel Inc. bought a new position in Aptiv in the 1st quarter valued at approximately $305,000. HighTower Advisors LLC lifted its stake in Aptiv by 4.1% in the 4th quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company’s stock valued at $887,000 after purchasing an additional 577 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Aptiv in the 4th quarter valued at approximately $4,181,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 0.3%

NYSE:APTV opened at $72.42 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 0.81 and a beta of 1.46. The firm has a fifty day simple moving average of $65.86 and a two-hundred day simple moving average of $62.41. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $80.95.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company posted $1.16 earnings per share. Analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the company a “neutral” rating in a research note on Thursday, May 22nd. Morgan Stanley decreased their price target on shares of Aptiv from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Monday, May 19th. Bank of America upped their price target on shares of Aptiv from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, June 16th. Robert W. Baird decreased their price target on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Finally, Guggenheim cut shares of Aptiv from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.61.

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.