Compagnie Lombard Odier SCmA Sells 34,059 Shares of Aptiv PLC (NYSE:APTV)

Compagnie Lombard Odier SCmA reduced its holdings in Aptiv PLC (NYSE:APTV) by 10.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 299,277 shares of the auto parts company’s stock after selling 34,059 shares during the quarter. Compagnie Lombard Odier SCmA owned about 0.13% of Aptiv worth $17,807,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Covestor Ltd boosted its holdings in Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock valued at $110,000 after acquiring an additional 186 shares in the last quarter. Horizon Investments LLC lifted its position in shares of Aptiv by 6.1% in the 4th quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock worth $231,000 after purchasing an additional 219 shares during the period. ProShare Advisors LLC boosted its stake in shares of Aptiv by 0.5% during the 4th quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company’s stock valued at $3,128,000 after purchasing an additional 248 shares in the last quarter. Westpac Banking Corp increased its position in shares of Aptiv by 21.9% during the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock valued at $115,000 after buying an additional 341 shares during the period. Finally, Rafferty Asset Management LLC raised its stake in Aptiv by 1.3% in the fourth quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company’s stock worth $1,552,000 after buying an additional 341 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Trading Down 0.4%

Shares of Aptiv stock opened at $70.12 on Thursday. The company has a fifty day moving average of $60.34 and a 200 day moving average of $61.10. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $80.95. The company has a market capitalization of $15.27 billion, a P/E ratio of 10.19, a P/E/G ratio of 0.62 and a beta of 1.47. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the company earned $1.16 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

APTV has been the topic of several research reports. TD Cowen began coverage on Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 price objective on the stock. Wall Street Zen began coverage on Aptiv in a research report on Thursday, May 22nd. They set a “hold” rating on the stock. Piper Sandler set a $70.00 price target on Aptiv and gave the stock a “neutral” rating in a research note on Thursday, May 22nd. Morgan Stanley lowered their price objective on Aptiv from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Monday, May 19th. Finally, Barclays upped their target price on shares of Aptiv from $55.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.