Tortoise Capital Advisors L.L.C. Has $5.42 Million Position in Aptiv PLC (NYSE:APTV)

Tortoise Capital Advisors L.L.C. lessened its stake in Aptiv PLC (NYSE:APTV) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,942 shares of the auto parts company’s stock after selling 8,463 shares during the quarter. Tortoise Capital Advisors L.L.C.’s holdings in Aptiv were worth $5,418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of APTV. Riverview Trust Co bought a new position in Aptiv in the first quarter valued at about $25,000. Independence Bank of Kentucky bought a new position in shares of Aptiv during the 2nd quarter worth about $25,000. Hazlett Burt & Watson Inc. acquired a new stake in Aptiv in the first quarter valued at approximately $28,000. Clearstead Trust LLC grew its position in Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 305 shares during the period. Finally, Mather Group LLC. bought a new stake in shares of Aptiv during the first quarter worth about $33,000. Institutional investors own 94.21% of the company’s stock.

Insiders Place Their Bets

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the firm’s 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 completion of the transaction, the director now owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by company insiders.

Aptiv Price Performance

APTV opened at $68.50 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. Aptiv PLC has a 1 year low of $65.13 and a 1 year high of $104.72. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 0.65 and a beta of 1.79. The stock’s 50 day simple moving average is $69.85 and its 200 day simple moving average is $74.76.

Aptiv (NYSE:APTV) last posted its earnings results 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. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the previous year, the firm earned $1.25 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. As a group, analysts predict that Aptiv PLC will post 6.28 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Evercore ISI dropped their price objective on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 15th. Robert W. Baird reduced their price target on Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Finally, Royal Bank of Canada raised their price target on Aptiv from $85.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $96.27.

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.