LGT Fund Management Co Ltd. Has $2.26 Million Position in Aptiv PLC (NYSE:APTV)

LGT Fund Management Co Ltd. raised its stake in shares of Aptiv PLC (NYSE:APTV) by 82.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,000 shares of the auto parts company’s stock after purchasing an additional 11,300 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Aptiv were worth $2,262,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of APTV. Assetmark Inc. grew its position in shares of Aptiv by 7.8% in the 3rd quarter. Assetmark Inc. now owns 1,780 shares of the auto parts company’s stock valued at $175,000 after purchasing an additional 129 shares during the period. Steph & Co. grew its position in shares of Aptiv by 4.3% in the 3rd quarter. Steph & Co. now owns 3,149 shares of the auto parts company’s stock valued at $310,000 after purchasing an additional 130 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Aptiv by 2.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock valued at $578,000 after purchasing an additional 145 shares during the period. Bangor Savings Bank grew its position in shares of Aptiv by 1.4% in the 4th quarter. Bangor Savings Bank now owns 11,648 shares of the auto parts company’s stock valued at $1,045,000 after purchasing an additional 163 shares during the period. Finally, River Street Advisors LLC grew its position in shares of Aptiv by 8.7% in the 3rd quarter. River Street Advisors LLC now owns 2,609 shares of the auto parts company’s stock valued at $257,000 after purchasing an additional 209 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the sale, the senior vice president now owns 95,211 shares in the company, valued at approximately $7,396,942.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by company insiders.

Aptiv Stock Up 12.0 %

Shares of Aptiv stock traded up $8.40 on Thursday, reaching $78.15. 3,458,662 shares of the company were exchanged, compared to its average volume of 2,655,640. Aptiv PLC has a one year low of $68.84 and a one year high of $113.60. The company has a market capitalization of $21.31 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 0.89 and a beta of 1.90. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average of $76.05 and a 200 day moving average of $80.85.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $4.95 billion. On average, equities research analysts forecast that Aptiv PLC will post 5.7 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on APTV. Morgan Stanley lowered Aptiv from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $90.00 to $74.00 in a research report on Wednesday, February 7th. Oppenheimer cut their target price on Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Barclays cut their target price on Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. UBS Group boosted their target price on Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Finally, Robert W. Baird cut Aptiv from an “outperform” rating to a “neutral” rating and cut their target price for the company from $105.00 to $96.00 in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $109.93.

About Aptiv

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.