Bank Julius Baer & Co. Ltd Zurich Has $6.30 Million Stock Holdings in Aptiv PLC (NYSE:APTV)

Bank Julius Baer & Co. Ltd Zurich grew its holdings in Aptiv PLC (NYSE:APTV) by 58.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 100,458 shares of the auto parts company’s stock after buying an additional 36,919 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Aptiv were worth $6,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. South Dakota Investment Council boosted its holdings in Aptiv by 32.9% in the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after acquiring an additional 31,941 shares during the last quarter. Proactive Wealth Strategies LLC bought a new position in Aptiv in the third quarter valued at about $1,815,000. Focus Financial Network Inc. bought a new position in Aptiv in the fourth quarter valued at about $379,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Aptiv by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after acquiring an additional 47,215 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Aptiv in the third quarter valued at about $14,893,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Raymond James reiterated a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. Guggenheim restated a “buy” rating and set a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. UBS Group raised their target price on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $53.00 to $65.00 in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Aptiv Stock Up 2.6 %

Shares of Aptiv stock opened at $66.81 on Monday. The business’s 50 day simple moving average is $63.34 and its 200 day simple moving average is $63.70. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The firm has a market cap of $15.33 billion, a PE ratio of 9.71, a P/E/G ratio of 0.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Aptiv 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.