Aptiv PLC (NYSE:APTV) Position Increased by Iyo Bank Ltd.

Iyo Bank Ltd. lifted its holdings in Aptiv PLC (NYSE:APTV) by 16.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 46,450 shares of the auto parts company’s stock after buying an additional 6,450 shares during the quarter. Aptiv makes up 1.5% of Iyo Bank Ltd.’s portfolio, making the stock its 23rd biggest position. Iyo Bank Ltd.’s holdings in Aptiv were worth $3,700,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of APTV. O Shaughnessy Asset Management LLC increased its position in Aptiv by 38.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 6,771 shares of the auto parts company’s stock worth $668,000 after buying an additional 1,889 shares during the period. Tower Research Capital LLC TRC lifted its position in Aptiv by 145.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 14,695 shares of the auto parts company’s stock valued at $1,449,000 after purchasing an additional 8,704 shares during the last quarter. Bank of Nova Scotia boosted its stake in Aptiv by 71.2% during the 3rd quarter. Bank of Nova Scotia now owns 25,377 shares of the auto parts company’s stock valued at $2,502,000 after purchasing an additional 10,553 shares during the period. Teza Capital Management LLC bought a new position in Aptiv in the 3rd quarter worth about $465,000. Finally, AQR Capital Management LLC increased its stake in shares of Aptiv by 118.1% in the third quarter. AQR Capital Management LLC now owns 71,735 shares of the auto parts company’s stock valued at $7,072,000 after purchasing an additional 38,850 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Nancy E. Cooper sold 394 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total value of $30,330.12. Following the sale, the director now directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on APTV. UBS Group lifted their target price on Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Oppenheimer reduced their price target on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Robert W. Baird boosted their target price on Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Piper Sandler lowered Aptiv from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $78.00 to $63.00 in a research note on Wednesday, June 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Aptiv has a consensus rating of “Hold” and a consensus target price of $105.08.

Aptiv Stock Up 0.5 %

Shares of APTV stock traded up $0.35 on Wednesday, hitting $69.79. The company’s stock had a trading volume of 1,367,204 shares, compared to its average volume of 2,804,604. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. The stock has a market capitalization of $18.99 billion, a price-to-earnings ratio of 6.56, a P/E/G ratio of 0.67 and a beta of 1.79. Aptiv PLC has a fifty-two week low of $65.13 and a fifty-two week high of $113.60. The firm’s fifty day moving average price is $77.57 and its 200-day moving average price is $79.39.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the company posted $0.91 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. Research analysts anticipate that Aptiv PLC will post 6.01 EPS for the current year.

Aptiv Company 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.