Freestone Capital Holdings LLC Boosts Holdings in Aptiv PLC (NYSE:APTV)

Freestone Capital Holdings LLC increased its holdings in Aptiv PLC (NYSE:APTV) by 17.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,440 shares of the auto parts company’s stock after purchasing an additional 3,453 shares during the period. Freestone Capital Holdings LLC’s holdings in Aptiv were worth $1,867,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in APTV. Advisor Resource Council purchased a new stake in shares of Aptiv during the 4th quarter worth approximately $221,000. Assenagon Asset Management S.A. grew its position in Aptiv by 306.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 44,095 shares of the auto parts company’s stock valued at $3,956,000 after acquiring an additional 33,245 shares during the last quarter. Tectonic Advisors LLC grew its position in shares of Aptiv by 16.5% during the 4th quarter. Tectonic Advisors LLC now owns 9,054 shares of the auto parts company’s stock worth $812,000 after buying an additional 1,282 shares in the last quarter. First Pacific Financial grew its position in shares of Aptiv by 15.1% during the 4th quarter. First Pacific Financial now owns 4,695 shares of the auto parts company’s stock worth $421,000 after buying an additional 615 shares in the last quarter. Finally, WASHINGTON TRUST Co lifted its stake in shares of Aptiv by 0.7% during the 4th quarter. WASHINGTON TRUST Co now owns 170,463 shares of the auto parts company’s stock worth $15,294,000 after purchasing an additional 1,222 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Performance

Aptiv stock traded up $0.61 during midday trading on Friday, hitting $68.44. 834,026 shares of the company were exchanged, compared to its average volume of 2,806,807. The firm has a market capitalization of $18.62 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 0.64 and a beta of 1.79. Aptiv PLC has a fifty-two week low of $65.13 and a fifty-two week high of $113.14. The business has a fifty day simple moving average of $74.83 and a two-hundred day simple moving average of $77.41. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the company earned $0.91 earnings per share. Aptiv’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, sell-side analysts forecast that Aptiv PLC will post 5.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Robert W. Baird decreased their price objective on Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Oppenheimer restated an “outperform” rating and set a $145.00 price objective on shares of Aptiv in a research note on Tuesday, July 9th. Guggenheim upped their price objective on Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. decreased their price objective on Aptiv from $113.00 to $104.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Citigroup decreased their price objective on Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.71.

Insider Buying and Selling at Aptiv

In other Aptiv 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 value of $30,330.12. Following the sale, the director now directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is owned by corporate insiders.

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.