Calamos Advisors LLC Reduces Position in Aptiv PLC $APTV

Calamos Advisors LLC decreased its position in Aptiv PLC (NYSE:APTV) by 31.0% during the 1st quarter, Holdings Channel reports. The firm owned 136,614 shares of the auto parts company’s stock after selling 61,266 shares during the period. Calamos Advisors LLC’s holdings in Aptiv were worth $9,486,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Aptiv during the 4th quarter valued at $634,961,000. Ameriprise Financial Inc. purchased a new position in shares of Aptiv in the third quarter valued at about $297,917,000. Balyasny Asset Management L.P. raised its stake in shares of Aptiv by 6,711.4% during the second quarter. Balyasny Asset Management L.P. now owns 1,434,076 shares of the auto parts company’s stock valued at $97,833,000 after acquiring an additional 1,413,022 shares during the last quarter. Man Group plc boosted its holdings in shares of Aptiv by 155.8% during the third quarter. Man Group plc now owns 2,045,025 shares of the auto parts company’s stock worth $176,322,000 after purchasing an additional 1,245,533 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of Aptiv by 34.2% during the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after purchasing an additional 1,167,946 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Aptiv

In related news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at $12,821,781.60. This trade represents a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

APTV has been the topic of several recent analyst reports. Citigroup cut their target price on Aptiv from $92.33 to $77.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. JPMorgan Chase & Co. dropped their price objective on Aptiv from $84.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, July 10th. Barclays dropped their price objective on Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Aptiv from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada upped their target price on Aptiv from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday. Twenty-two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target of $82.50.

Aptiv Price Performance

APTV opened at $58.09 on Wednesday. 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 company has a market cap of $12.29 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 1.10 and a beta of 1.46. The stock has a fifty day simple moving average of $61.53 and a two-hundred day simple moving average of $68.83. Aptiv PLC has a 12-month low of $51.68 and a 12-month high of $88.93.

Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS 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 net margin of 1.77% and a return on equity of 17.83%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.69 EPS. Research analysts predict that Aptiv PLC will post 5.96 earnings per share for the current fiscal year.

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.