Aptiv PLC $APTV Position Lifted by Swedbank AB

Swedbank AB increased its position in Aptiv PLC (NYSE:APTV) by 164.1% in the first quarter, Holdings Channel reports. The firm owned 1,281,837 shares of the auto parts company’s stock after purchasing an additional 796,480 shares during the quarter. Swedbank AB’s holdings in Aptiv were worth $89,011,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Saranac Partners Ltd bought a new position in Aptiv during the third quarter worth $25,000. Larson Financial Group LLC increased its stake in Aptiv by 240.0% during the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 252 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 398 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of Aptiv during the fourth quarter worth $33,000. Finally, DV Equities LLC bought a new position in shares of Aptiv in the 4th quarter worth about $33,000. 94.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on APTV. JPMorgan Chase & Co. boosted their price objective on shares of Aptiv from $83.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Barclays cut their target price on shares of Aptiv from $77.00 to $73.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Fox Advisors lowered their target price on Aptiv from $110.00 to $70.00 in a report on Friday, May 8th. Weiss Ratings cut Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, July 1st. Finally, Piper Sandler cut their price target on Aptiv from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Monday, June 8th. Twenty-two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.50.

Insiders Place Their Bets

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction on 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 transaction, 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 legal filing with the SEC, which can be accessed through this link. 0.06% of the stock is owned by insiders.

Aptiv Price Performance

NYSE APTV opened at $58.85 on Wednesday. The company has a 50-day moving average price of $61.46 and a two-hundred day moving average price of $69.46. Aptiv PLC has a 52 week low of $51.68 and a 52 week high of $88.93. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 1.05 and a beta of 1.46. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98.

Aptiv (NYSE:APTV) last released its quarterly 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 company 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 business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.69 earnings per share. Analysts forecast that Aptiv PLC will post 6.3 EPS for the current year.

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.