Coldstream Capital Management Inc. Raises Stock Position in Aptiv PLC (NYSE:APTV)

Coldstream Capital Management Inc. grew its stake in shares of Aptiv PLC (NYSE:APTV) by 46.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,711 shares of the auto parts company’s stock after acquiring an additional 1,820 shares during the period. Coldstream Capital Management Inc.’s holdings in Aptiv were worth $512,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Gradient Investments LLC lifted its position in shares of Aptiv by 36.1% during the fourth quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock valued at $13,902,000 after buying an additional 41,135 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Aptiv during the fourth quarter valued at about $13,120,000. Trillium Asset Management LLC raised its position in shares of Aptiv by 33.1% in the 4th quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock valued at $32,411,000 after purchasing an additional 89,786 shares during the last quarter. Arbor Wealth Advisors LLC acquired a new stake in Aptiv in the 4th quarter worth approximately $1,875,000. Finally, Douglas Lane & Associates LLC increased its stake in Aptiv by 20.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company’s stock valued at $33,973,000 after purchasing an additional 65,354 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 95,211 shares in the company, valued at approximately $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on APTV. Wells Fargo & Company cut their target price on Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Citigroup decreased their price objective on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Oppenheimer reduced their target price on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Morgan Stanley downgraded Aptiv from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $90.00 to $74.00 in a research report on Wednesday, February 7th. Finally, Guggenheim upped their target price on Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.31.

Aptiv Stock Down 1.8 %

APTV opened at $80.28 on Friday. The company has a market cap of $21.84 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 0.66 and a beta of 1.90. Aptiv PLC has a twelve month low of $68.84 and a twelve month high of $113.60. The company has a 50-day moving average price of $77.23 and a 200 day moving average price of $80.19. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, beating 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 business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the business posted $0.91 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. Sell-side analysts expect that Aptiv PLC will post 6.01 earnings per share 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.