Prospera Financial Services Inc Reduces Equity Position in Aptiv PLC (NYSE:APTV)


Prospera Financial Services Inc reduced its stake in Aptiv PLC (NYSE:APTVGet a rating) by 92.9% in the 1st quarter, Participation channel reports. The company held 1,505 shares of the auto parts company after selling 19,615 shares during the period. Prospera Financial Services Inc’s holdings in Aptiv were worth $180,000 when it last filed with the Securities and Exchange Commission.

Several other hedge funds have also recently changed their positions in APTV. Hanson & Doremus Investment Management increased its stake in Aptiv shares by 137.4% in the first quarter. Hanson & Doremus Investment Management now owns 216 shares of the auto parts company valued at $26,000 after buying an additional 125 shares during the period. Tyler Stone Wealth Management bought a new equity stake in Aptiv in the fourth quarter for $27,000. MCF Advisors LLC increased its stake in Aptiv shares by 1,204.5% in the fourth quarter. MCF Advisors LLC now owns 287 shares of the auto parts company valued at $47,000 after purchasing an additional 265 shares during the period. Glassman Wealth Services bought a new equity stake in Aptiv in the fourth quarter worth $56,000. Finally, Carolinas Wealth Consulting LLC increased its stake in Aptiv shares to 961.4% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 467 shares of the auto parts company valued at $77,000 after purchasing an additional 423 shares during the period. 91.08% of the shares are currently held by institutional investors.

Analyst upgrades and downgrades

APTV has been the subject of several research reports. Cowen lowered his target price on Aptiv from $150.00 to $144.00 in a Friday, May 6 research note. Exane BNP Paribas began covering Aptiv in a research note on Monday April 11. They set an “outperform” rating and a price target of $160.00 for the stock. Guggenheim lowered its price target on Aptiv from $180.00 to $173.00 and set a “buy” rating on the stock in a Wednesday, July 20 research note. Robert W. Baird reduced his price target on Aptiv from $155.00 to $148.00 in a Friday, May 6 research note. Finally, Piper Sandler downgraded Aptiv from a “neutral” rating to an “underweight” rating and lowered her price target for the company from $177.00 to $90.00 in a Monday 18 research note. april. One equity research analyst gave the stock a sell rating, two gave the stock a hold rating and fourteen gave the stock a buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.42.

Insider Trading at Aptiv

In other news, please William T. Presley sold 2,000 shares of the company in a transaction dated Monday, June 6. The stock was sold at an average price of $108.52, for a total value of $217,040.00. Following completion of the transaction, the Senior Vice President now directly owns 45,681 shares of the company, valued at approximately $4,957,302.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via the SEC website. Separately, CEO Kevin P. Clark sold 6,665 shares in a trade dated Wednesday, July 13. The stock was sold at an average price of $89.36, for a total transaction of $595,584.40. Following the completion of the sale, the CEO now directly owns 639,217 shares of the company, valued at approximately $57,120,431.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. Additionally, SVP William T. Presley sold 2,000 shares in a trade dated Monday, June 6. The shares were sold at an average price of $108.52, for a total value of $217,040.00. Following the sale, the senior vice president now owns 45,681 shares of the company, valued at $4,957,302.12. Disclosure of this sale can be found here. In the past three months, insiders have sold 15,370 shares of the company worth $1,547,492. 0.41% of the shares are currently held by company insiders.

Aptiv Price Performance

Aptiva Stock opened at $109.74 on Thursday. Aptiv PLC has a 52-week low of $84.14 and a 52-week high of $180.81. The company has a 50-day simple moving average of $97.49 and a 200-day simple moving average of $110.74. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt ratio of 0.76. The stock has a market capitalization of $29.73 billion, a price/earnings ratio of 92.22, a PEG ratio of 2.50 and a beta of 2.00.

Aptiva (NYSE:APTVGet a rating) last released its quarterly earnings data on Thursday, May 5. The auto parts company reported earnings per share (EPS) of $0.63 for the quarter, hitting analysts’ consensus estimate of $0.63. Aptiv had a return on equity of 7.23% and a net margin of 2.43%. The company posted revenue of $4.18 billion in the quarter, versus $4.06 billion expected by analysts. During the same period of the previous year, the company achieved EPS of $1.06. The company’s revenue for the quarter increased by 3.9% compared to the same quarter last year. On average, research analysts expect Aptiv PLC to post earnings per share of 3.97 for the current fiscal year.

Aptiv Company Profile

(Get a rating)

Aptiv PLC designs, manufactures and sells vehicle components worldwide. The company provides electrical, electronic and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segments, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures and assembles vehicle electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers and hybrid systems high voltage distribution and security.

See also

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Institutional ownership by quarter for Aptiv (NYSE:APTV)



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