Rathbones Group PLC Has $99.30 Million Stake in Aptiv PLC $APTV

Rathbones Group PLC raised its position in Aptiv PLC (NYSE:APTV) by 2.8% during the first quarter, Holdings Channel reports. The institutional investor owned 1,430,070 shares of the auto parts company’s stock after buying an additional 38,592 shares during the quarter. Rathbones Group PLC’s holdings in Aptiv were worth $99,304,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in APTV. Shayne & Jacobs LLC grew its holdings in Aptiv by 105.2% during the first quarter. Shayne & Jacobs LLC now owns 54,750 shares of the auto parts company’s stock valued at $3,802,000 after purchasing an additional 28,070 shares during the period. Oak Thistle LLC bought a new position in shares of Aptiv during the fourth quarter worth $1,672,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Aptiv by 86.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 910,656 shares of the auto parts company’s stock valued at $69,292,000 after buying an additional 420,984 shares during the period. Fisher Funds Management LTD bought a new stake in shares of Aptiv in the 4th quarter valued at $1,898,000. Finally, Sanctuary Advisors LLC raised its stake in Aptiv by 135.6% during the 4th quarter. Sanctuary Advisors LLC now owns 102,221 shares of the auto parts company’s stock worth $7,778,000 after buying an additional 58,831 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APTV. Zacks Research upgraded Aptiv from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. BNP Paribas Exane dropped their target price on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Fox Advisors reduced their price target on shares of Aptiv from $110.00 to $70.00 in a report on Friday, May 8th. JPMorgan Chase & Co. dropped their price objective on shares of Aptiv from $84.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Aptiv from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Twenty-two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target of $82.50.

Insider Activity at Aptiv

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction dated 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 owned 163,752 shares in the company, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.06% of the company’s stock.

Aptiv Trading Up 0.1%

Shares of Aptiv stock opened at $56.51 on Monday. Aptiv PLC has a 12-month low of $51.68 and a 12-month high of $88.93. The stock has a market cap of $11.96 billion, a P/E ratio of 33.44, a P/E/G ratio of 1.05 and a beta of 1.46. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. The business’s 50 day moving average is $62.12 and its 200-day moving average is $66.76.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period last year, the business posted $1.69 EPS. Aptiv’s revenue was up 5.4% on a year-over-year basis. Equities research analysts predict that Aptiv PLC will post 5.93 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.