Sei Investments Co. Grows Stock Position in Aptiv PLC $APTV

Sei Investments Co. boosted its holdings in Aptiv PLC (NYSE:APTV) by 10.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 433,457 shares of the auto parts company’s stock after acquiring an additional 42,726 shares during the period. Sei Investments Co.’s holdings in Aptiv were worth $30,099,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in APTV. Shayne & Jacobs LLC boosted its stake in Aptiv by 105.2% during the first quarter. Shayne & Jacobs LLC now owns 54,750 shares of the auto parts company’s stock worth $3,802,000 after buying an additional 28,070 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Aptiv by 2.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,915,906 shares of the auto parts company’s stock valued at $228,724,000 after acquiring an additional 81,492 shares during the period. Oak Thistle LLC acquired a new position in shares of Aptiv in the 4th quarter worth approximately $1,672,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Aptiv by 86.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 910,656 shares of the auto parts company’s stock worth $69,292,000 after purchasing an additional 420,984 shares during the period. Finally, Fisher Funds Management LTD purchased a new position in shares of Aptiv during the 4th quarter worth approximately $1,898,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APTV has been the topic of a number of research analyst reports. Wells Fargo & Company cut their target price on Aptiv from $82.00 to $77.00 and set an “overweight” rating on the stock in a research report on Thursday, June 25th. Barclays dropped their price objective on Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Wall Street Zen downgraded Aptiv from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. JPMorgan Chase & Co. decreased their target price on Aptiv from $84.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, July 10th. Finally, Evercore lowered their target price on Aptiv from $100.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. 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’s stock. Based on data from MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and a consensus target price of $82.50.

Aptiv Stock Up 1.6%

Aptiv stock opened at $57.46 on Tuesday. The stock has a market cap of $12.16 billion, a PE ratio of 34.00, a P/E/G ratio of 1.05 and a beta of 1.46. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. The stock’s fifty day moving average is $61.88 and its two-hundred day moving average is $67.55. Aptiv PLC has a 1-year low of $51.68 and a 1-year high of $88.93.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The business had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the prior year, the firm posted $1.69 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts expect that Aptiv PLC will post 5.93 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at $12,821,781.60. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.

About Aptiv

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.