Aptiv PLC $APTV Shares Bought by Swiss National Bank

Swiss National Bank lifted its position in shares of Aptiv PLC (NYSE:APTV) by 6.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 634,200 shares of the auto parts company’s stock after buying an additional 37,500 shares during the quarter. Swiss National Bank’s holdings in Aptiv were worth $44,039,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of APTV. State Street Corp boosted its position in Aptiv by 4.3% during the fourth quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock worth $765,976,000 after acquiring an additional 419,375 shares during the last quarter. Norges Bank purchased a new stake in Aptiv in the 4th quarter worth approximately $634,961,000. Geode Capital Management LLC raised its holdings in Aptiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock valued at $441,289,000 after acquiring an additional 99,876 shares during the last quarter. Boston Partners raised its holdings in Aptiv by 29.2% in the 3rd quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock valued at $361,385,000 after acquiring an additional 948,327 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Aptiv by 9.0% during the 2nd quarter. Alliancebernstein L.P. now owns 3,831,441 shares of the auto parts company’s stock worth $261,381,000 after purchasing an additional 315,824 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analysts Set New Price Targets

APTV has been the subject of a number of recent analyst reports. Oppenheimer lowered their price objective on Aptiv from $106.00 to $84.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Argus reduced their target price on Aptiv from $99.00 to $69.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Piper Sandler decreased their price target on Aptiv from $106.00 to $94.00 and set an “overweight” rating on the stock in a research note on Monday, June 8th. Citigroup dropped their price objective on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Wall Street Zen lowered shares of Aptiv from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Aptiv has an average rating of “Moderate Buy” and a consensus target price of $82.50.

Aptiv Trading Up 0.7%

Shares of APTV opened at $58.33 on Thursday. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $12.34 billion, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 1.08 and a beta of 1.46. The stock’s fifty day simple moving average is $61.78 and its 200 day simple moving average is $68.05. Aptiv PLC has a twelve month low of $51.68 and a twelve month high of $88.93.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. The firm had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.69 earnings per share. On average, equities research analysts forecast that Aptiv PLC will post 5.93 earnings per share for the current year.

Insider Buying and Selling at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the sale, the executive vice president owned 163,752 shares in the company, valued at approximately $12,821,781.60. The trade was a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by corporate insiders.

Aptiv Company Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.