SEB Asset Management AB Buys Shares of 264,675 Aptiv PLC $APTV

SEB Asset Management AB bought a new stake in Aptiv PLC (NYSE:APTV) during the 1st quarter, Holdings Channel reports. The fund bought 264,675 shares of the auto parts company’s stock, valued at approximately $18,379,000.

Several other institutional investors also recently modified their holdings of the business. Larson Financial Group LLC boosted its stake 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 during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Aptiv during the 4th quarter valued at $33,000. DV Equities LLC bought a new stake in shares of Aptiv during the 4th quarter valued at $33,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in shares of Aptiv by 60.0% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 180 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 398 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of APTV opened at $57.51 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. Aptiv PLC has a twelve month low of $51.68 and a twelve month high of $88.93. The firm’s 50 day moving average price is $61.60 and its two-hundred day moving average price is $68.44. The firm has a market cap of $12.17 billion, a P/E ratio of 34.03, a PEG ratio of 1.07 and a beta of 1.46.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the prior year, the firm earned $1.69 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, analysts forecast that Aptiv PLC will post 5.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

APTV has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their price objective on Aptiv from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. cut their target price on Aptiv from $84.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, July 10th. BNP Paribas Exane reduced their target price on Aptiv from $107.00 to $83.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. The Goldman Sachs Group boosted their target price on Aptiv from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Finally, HSBC lowered their price target on Aptiv from $81.32 to $75.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Twenty-two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $82.50.

Insider Transactions at Aptiv

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

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.