Providence Capital Advisors LLC Buys 773 Shares of Aptiv PLC (APTV)

Providence Capital Advisors LLC lifted its stake in Aptiv PLC (NYSE:APTV) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,579 shares of the auto parts company’s stock after buying an additional 773 shares during the period. Aptiv comprises approximately 1.6% of Providence Capital Advisors LLC’s holdings, making the stock its 20th largest holding. Providence Capital Advisors LLC’s holdings in Aptiv were worth $2,510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. PRW Wealth Management LLC acquired a new stake in shares of Aptiv in the 4th quarter valued at about $28,000. Oregon Public Employees Retirement Fund grew its holdings in shares of Aptiv by 3,023.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,974,550 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 1,911,334 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of Aptiv in the 4th quarter valued at about $34,000. Resources Investment Advisors Inc. bought a new position in shares of Aptiv in the 4th quarter valued at about $34,000. Finally, Enlightenment Research LLC bought a new position in shares of Aptiv in the 4th quarter valued at about $36,000. 95.74% of the stock is owned by institutional investors and hedge funds.

In related news, SVP David M. Sherbin sold 19,689 shares of Aptiv stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $86.79, for a total transaction of $1,708,808.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

Several equities analysts have recently weighed in on APTV shares. Piper Jaffray Companies cut Aptiv from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $110.00 to $78.00 in a report on Friday, January 25th. Nomura started coverage on Aptiv in a report on Friday, January 25th. They issued a “neutral” rating and a $68.00 price objective for the company. Longbow Research restated a “buy” rating and issued a $110.00 price objective on shares of Aptiv in a report on Monday, January 28th. Barclays raised their price objective on Aptiv to $90.00 and gave the company an “overweight” rating in a report on Friday, February 1st. Finally, Royal Bank of Canada raised their price objective on Aptiv to $88.00 and gave the company an “outperform” rating in a report on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $92.80.

Aptiv stock traded up $0.35 during midday trading on Tuesday, reaching $73.08. 97,165 shares of the company’s stock were exchanged, compared to its average volume of 1,707,216. Aptiv PLC has a 52 week low of $58.80 and a 52 week high of $103.23. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 1.20. The stock has a market capitalization of $18.72 billion, a P/E ratio of 13.89, a PEG ratio of 1.32 and a beta of 1.79.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. Aptiv had a return on equity of 35.66% and a net margin of 6.95%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter last year, the company posted $1.29 earnings per share. Aptiv’s quarterly revenue was down 1.5% on a year-over-year basis. Research analysts forecast that Aptiv PLC will post 5.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, May 7th. Aptiv’s payout ratio is currently 16.73%.

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About Aptiv

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

Further Reading: Understanding Specialty Certificates of Deposit

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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