Harvest Fund Management Co. Ltd Takes $47,000 Position in Aptiv PLC (NYSE:APTV)

Harvest Fund Management Co. Ltd bought a new stake in Aptiv PLC (NYSE:APTV) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 521 shares of the auto parts company’s stock, valued at approximately $47,000.

Other hedge funds also recently modified their holdings of the company. Strategic Blueprint LLC raised its holdings in shares of Aptiv by 7.4% during the third quarter. Strategic Blueprint LLC now owns 3,290 shares of the auto parts company’s stock worth $324,000 after acquiring an additional 228 shares in the last quarter. Czech National Bank raised its holdings in shares of Aptiv by 54.4% during the third quarter. Czech National Bank now owns 49,431 shares of the auto parts company’s stock worth $4,873,000 after acquiring an additional 17,409 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Aptiv by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 110,278 shares of the auto parts company’s stock worth $10,872,000 after acquiring an additional 368 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Aptiv by 103.3% during the third quarter. Handelsbanken Fonder AB now owns 319,796 shares of the auto parts company’s stock worth $31,529,000 after acquiring an additional 162,493 shares in the last quarter. Finally, Slow Capital Inc. raised its holdings in shares of Aptiv by 6.1% during the third quarter. Slow Capital Inc. now owns 27,623 shares of the auto parts company’s stock worth $2,723,000 after acquiring an additional 1,591 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction dated 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 sale, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APTV. Oppenheimer cut their price objective on Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Piper Sandler cut their target price on Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. JPMorgan Chase & Co. cut their target price on Aptiv from $110.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. Morgan Stanley lowered Aptiv from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. Finally, Barclays cut their target price on Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.93.

Aptiv Trading Up 1.6 %

Shares of NYSE:APTV opened at $71.22 on Friday. The company has a market cap of $19.42 billion, a P/E ratio of 6.87, a P/E/G ratio of 0.89 and a beta of 1.90. The stock’s 50-day moving average is $76.48 and its 200-day moving average is $81.51. Aptiv PLC has a 52-week low of $68.84 and a 52-week high of $113.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. Equities research analysts predict that Aptiv PLC will post 5.63 earnings per share for the current 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.