Aptiv PLC (NYSE:APTV) Stock Position Lifted by Ossiam

Ossiam boosted its stake in shares of Aptiv PLC (NYSE:APTV) by 2,813.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 149,200 shares of the auto parts company’s stock after purchasing an additional 144,079 shares during the period. Ossiam’s holdings in Aptiv were worth $13,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new stake in Aptiv in the fourth quarter worth approximately $29,000. GAMMA Investing LLC bought a new stake in Aptiv in the fourth quarter worth approximately $32,000. Harvest Fund Management Co. Ltd bought a new stake in Aptiv in the fourth quarter worth approximately $47,000. First Horizon Advisors Inc. grew its position in Aptiv by 98.0% in the fourth quarter. First Horizon Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $53,000 after acquiring an additional 293 shares in the last quarter. Finally, American National Bank grew its position in Aptiv by 85.1% in the fourth quarter. American National Bank now owns 633 shares of the auto parts company’s stock worth $57,000 after acquiring an additional 291 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Price Performance

Shares of APTV traded up $0.12 during trading hours on Friday, hitting $81.42. The stock had a trading volume of 2,723,797 shares, compared to its average volume of 2,037,372. The company’s fifty day moving average is $78.09 and its two-hundred day moving average is $80.59. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. Aptiv PLC has a 52 week low of $68.84 and a 52 week high of $113.60. The stock has a market capitalization of $22.15 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 0.65 and a beta of 1.87.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts anticipate that Aptiv PLC will post 6.01 EPS for the current year.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the sale, the senior vice president now owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on APTV shares. Wells Fargo & Company cut their target price on shares of Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. JPMorgan Chase & Co. increased their price objective on shares of Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Robert W. Baird increased their price objective on shares of Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Oppenheimer dropped their price objective on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Finally, Guggenheim increased their price objective on shares of Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.31.

About Aptiv

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.