Aptiv PLC (NYSE:APTV) Stock Position Lifted by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in Aptiv PLC (NYSE:APTV) by 264.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,565 shares of the auto parts company’s stock after purchasing an additional 13,471 shares during the period. Intech Investment Management LLC’s holdings in Aptiv were worth $1,123,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. increased its position in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of Aptiv during the fourth quarter worth $37,000. Brooklyn Investment Group acquired a new stake in shares of Aptiv during the third quarter worth $43,000. CENTRAL TRUST Co raised its position in shares of Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares during the period. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Aptiv during the third quarter valued at $64,000. Institutional investors own 94.21% of the company’s stock.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on APTV shares. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Friday, February 7th. Oppenheimer upped their price target on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. UBS Group boosted their price objective on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Barclays upped their price target on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.61.

Aptiv Stock Down 0.1 %

NYSE APTV opened at $62.40 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The company has a 50 day moving average of $63.82 and a 200-day moving average of $63.19. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, equities research analysts expect 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.