Capital World Investors Boosts Holdings in Aptiv PLC $APTV

Capital World Investors grew its holdings in Aptiv PLC (NYSE:APTV) by 20.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,055,221 shares of the auto parts company’s stock after purchasing an additional 182,658 shares during the quarter. Capital World Investors’ holdings in Aptiv were worth $80,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in APTV. Saranac Partners Ltd purchased a new position in shares of Aptiv in the third quarter valued at approximately $25,000. Larson Financial Group LLC raised its holdings in Aptiv by 240.0% in the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 252 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 398 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in Aptiv in the third quarter valued at approximately $30,000. Finally, MUFG Securities EMEA plc acquired a new stake in Aptiv in the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on APTV. Wall Street Zen cut shares of Aptiv from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research cut shares of Aptiv from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Citigroup reduced their target price on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Barclays reduced their target price on shares of Aptiv from $77.00 to $73.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Finally, Oppenheimer reduced their target price on shares of Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target of $82.33.

Insider Activity at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at $12,821,781.60. The trade was a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is owned by insiders.

Aptiv Stock Down 1.2%

APTV stock opened at $68.47 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98. Aptiv PLC has a twelve month low of $51.68 and a twelve month high of $88.93. The company’s 50 day moving average is $60.79 and its two-hundred day moving average is $71.46. The stock has a market cap of $14.49 billion, a P/E ratio of 40.52, a PEG ratio of 1.15 and a beta of 1.45.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter last year, the company earned $1.69 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts expect that Aptiv PLC will post 6.41 earnings per share for the current fiscal year.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.