Bank of Montreal Can Purchases 214,116 Shares of Aptiv PLC (NYSE:APTV)

Bank of Montreal Can lifted its position in Aptiv PLC (NYSE:APTV) by 1,978.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 224,940 shares of the auto parts company’s stock after acquiring an additional 214,116 shares during the period. Bank of Montreal Can owned 0.10% of Aptiv worth $13,604,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in APTV. Picton Mahoney Asset Management purchased a new stake in Aptiv in the fourth quarter worth $37,000. CENTRAL TRUST Co boosted its holdings in shares of Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after buying an additional 677 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of Aptiv by 163.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock worth $110,000 after buying an additional 1,145 shares during the period. Westpac Banking Corp increased its stake in shares of Aptiv by 21.9% in the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 341 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in Aptiv by 93.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock valued at $115,000 after acquiring an additional 918 shares during the period. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on APTV shares. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Friday, February 7th. StockNews.com began coverage on Aptiv in a research report on Saturday. They set a “hold” rating for the company. Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group reissued a “neutral” rating and issued a $58.00 target price (down from $91.00) on shares of Aptiv in a research note on Thursday. Finally, HSBC raised Aptiv from a “hold” rating to a “buy” rating and lifted their price target for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and an average target price of $84.78.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.45% of the stock is owned by company insiders.

Aptiv Price Performance

Shares of NYSE:APTV opened at $48.00 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $11.01 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The firm’s 50 day moving average price is $61.94 and its 200-day moving average price is $61.74. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $85.56.

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, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Equities research analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

About Aptiv

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.