Lombard Odier Asset Management Europe Ltd Makes New $9.96 Million Investment in Aptiv PLC $APTV

Lombard Odier Asset Management Europe Ltd purchased a new stake in Aptiv PLC (NYSE:APTV) in the 1st quarter, HoldingsChannel reports. The fund purchased 143,508 shares of the auto parts company’s stock, valued at approximately $9,965,000.

Several other hedge funds also recently added to or reduced their stakes in APTV. State Street Corp grew its stake in shares of Aptiv by 4.3% in the fourth quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock valued at $765,976,000 after buying an additional 419,375 shares in the last quarter. Norges Bank acquired a new position in Aptiv during the 4th quarter worth approximately $634,961,000. Geode Capital Management LLC boosted 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 worth $441,289,000 after acquiring an additional 99,876 shares during the period. Boston Partners boosted 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 worth $361,385,000 after acquiring an additional 948,327 shares during the period. Finally, Alliancebernstein L.P. grew its position in Aptiv by 9.0% in the second quarter. Alliancebernstein L.P. now owns 3,831,441 shares of the auto parts company’s stock valued at $261,381,000 after acquiring an additional 315,824 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Up 0.8%

Shares of NYSE:APTV opened at $56.56 on Friday. The company’s fifty day moving average is $61.80 and its two-hundred day moving average is $67.82. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. Aptiv PLC has a 1-year low of $51.68 and a 1-year high of $88.93. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 1.05 and a beta of 1.46.

Aptiv (NYSE:APTV) last issued 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. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the previous year, the firm posted $1.69 earnings per share. Aptiv’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that Aptiv PLC will post 5.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup dropped their price target on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Oppenheimer decreased their price objective on shares of Aptiv from $106.00 to $84.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Weiss Ratings downgraded Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 1st. Barclays dropped their target price on Aptiv from $77.00 to $73.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Finally, Evercore cut their price target on Aptiv from $100.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Twenty-two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.50.

Insider Buying and Selling at Aptiv

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

Aptiv 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.