First Pacific Financial Purchases 615 Shares of Aptiv PLC (NYSE:APTV)

First Pacific Financial boosted its stake in Aptiv PLC (NYSE:APTV) by 15.1% in the 4th quarter, Holdings Channel reports. The firm owned 4,695 shares of the auto parts company’s stock after acquiring an additional 615 shares during the quarter. First Pacific Financial’s holdings in Aptiv were worth $421,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. boosted its stake in Aptiv by 176.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 176 shares during the period. West Tower Group LLC bought a new stake in shares of Aptiv during the 2nd quarter valued at about $29,000. FWL Investment Management LLC bought a new stake in shares of Aptiv during the 4th quarter valued at about $30,000. Farther Finance Advisors LLC boosted its position in shares of Aptiv by 49.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 518 shares of the auto parts company’s stock valued at $53,000 after acquiring an additional 172 shares during the last quarter. Finally, BluePath Capital Management LLC bought a new stake in shares of Aptiv during the 3rd quarter valued at about $55,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 2.7 %

NYSE APTV opened at $78.64 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average is $80.06 and its 200 day moving average is $85.25. Aptiv PLC has a twelve month low of $71.01 and a twelve month high of $113.60. The firm has a market capitalization of $21.44 billion, a PE ratio of 7.59, a P/E/G ratio of 0.99 and a beta of 1.90.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share 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 during the quarter, compared to analysts’ expectations of $4.95 billion. Research analysts forecast that Aptiv PLC will post 5.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Robert W. Baird downgraded Aptiv from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $105.00 to $96.00 in a research report on Wednesday, January 3rd. 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. Morgan Stanley cut 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. Finally, JPMorgan Chase & Co. decreased their price objective on Aptiv from $135.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.57.

Insider Activity at Aptiv

In related 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 completion of the sale, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by company insiders.

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.