Western Wealth Management LLC Has $413,000 Stake in Aptiv PLC (NYSE:APTV)

Western Wealth Management LLC cut its holdings in Aptiv PLC (NYSE:APTV) by 3.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,865 shares of the auto parts company’s stock after selling 213 shares during the quarter. Western Wealth Management LLC’s holdings in Aptiv were worth $413,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of Aptiv during the fourth quarter worth approximately $13,120,000. Cerity Partners LLC lifted its stake in Aptiv by 28.5% during the 4th quarter. Cerity Partners LLC now owns 11,350 shares of the auto parts company’s stock valued at $1,018,000 after acquiring an additional 2,516 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Aptiv in the fourth quarter valued at about $1,534,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Aptiv by 4.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,959 shares of the auto parts company’s stock valued at $7,533,000 after buying an additional 3,219 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Aptiv by 15.3% during the fourth quarter. Federated Hermes Inc. now owns 61,111 shares of the auto parts company’s stock valued at $5,483,000 after acquiring an additional 8,100 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Nancy E. Cooper sold 394 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on APTV shares. Wells Fargo & Company dropped their price objective on Aptiv from $82.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of Aptiv from $104.00 to $107.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada lowered their target price on shares of Aptiv from $86.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. StockNews.com lowered Aptiv from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Barclays lowered their price target on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.64.

Aptiv Price Performance

Shares of Aptiv stock traded up $2.11 during trading on Monday, hitting $71.04. 712,407 shares of the stock traded hands, compared to its average volume of 2,945,106. The firm’s fifty day moving average is $70.51 and its 200-day moving average is $75.80. The stock has a market cap of $19.33 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 0.66 and a beta of 1.79. Aptiv PLC has a 52 week low of $65.13 and a 52 week high of $104.72. The company has a quick ratio of 0.89, a current ratio of 1.49 and a debt-to-equity ratio of 0.47.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same period in the previous year, the business posted $1.25 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Research analysts expect that Aptiv PLC will post 6.3 EPS 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.