Integrated Quantitative Investments LLC Invests $290,000 in Aptiv PLC (NYSE:APTV)

Integrated Quantitative Investments LLC bought a new stake in shares of Aptiv PLC (NYSE:APTV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,800 shares of the auto parts company’s stock, valued at approximately $290,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its holdings in Aptiv by 11.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after purchasing an additional 1,517,104 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after buying an additional 1,408,433 shares during the period. Victory Capital Management Inc. increased its stake in shares of Aptiv by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock valued at $234,799,000 after acquiring an additional 223,831 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Aptiv by 19.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock worth $172,117,000 after acquiring an additional 468,069 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Aptiv by 25.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company’s stock valued at $168,619,000 after purchasing an additional 552,066 shares in the last quarter. 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 company’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 sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

APTV has been the subject of several research reports. Royal Bank of Canada raised their target price on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. TD Cowen initiated coverage on Aptiv in a report on Friday, March 7th. They set a “buy” rating and a $90.00 price objective for the company. Barclays raised their price objective on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. HSBC raised Aptiv from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. 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 given a strong buy rating to the company. According to MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and an average target price of $86.61.

Aptiv Price Performance

NYSE APTV opened at $53.07 on Friday. Aptiv PLC has a one year low of $50.10 and a one year high of $85.56. The stock has a 50-day moving average of $63.55 and a 200 day moving average of $62.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping 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, sell-side analysts forecast that Aptiv PLC will post 7.2 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.