Aptiv PLC (NYSE:APTV) Holdings Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in shares of Aptiv PLC (NYSE:APTVGet Rating) by 111.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,271 shares of the auto parts company’s stock after purchasing an additional 5,945 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Aptiv were worth $882,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in APTV. Raymond James Financial Services Advisors Inc. boosted its position in Aptiv by 5.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,839 shares of the auto parts company’s stock valued at $1,657,000 after purchasing an additional 732 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Aptiv by 127.8% during the first quarter. Panagora Asset Management Inc. now owns 10,798 shares of the auto parts company’s stock valued at $1,293,000 after acquiring an additional 6,057 shares during the period. Synovus Financial Corp grew its position in shares of Aptiv by 15.0% during the first quarter. Synovus Financial Corp now owns 3,395 shares of the auto parts company’s stock worth $406,000 after acquiring an additional 443 shares during the last quarter. Cibc World Market Inc. increased its holdings in shares of Aptiv by 25.4% in the 1st quarter. Cibc World Market Inc. now owns 5,600 shares of the auto parts company’s stock worth $670,000 after acquiring an additional 1,133 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in Aptiv by 32.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company’s stock valued at $268,000 after purchasing an additional 551 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insider Transactions at Aptiv

In related news, CEO Kevin P. Clark sold 6,665 shares of Aptiv stock in a transaction on Tuesday, October 18th. The shares were sold at an average price of $87.97, for a total value of $586,320.05. Following the completion of the sale, the chief executive officer now owns 599,227 shares of the company’s stock, valued at approximately $52,713,999.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 19,995 shares of company stock worth $1,901,791 in the last 90 days. 0.41% of the stock is owned by insiders.

Aptiv Price Performance

APTV opened at $101.55 on Monday. The company has a current ratio of 2.66, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76. Aptiv PLC has a 1 year low of $77.96 and a 1 year high of $156.37. The stock has a fifty day moving average price of $99.61 and a 200 day moving average price of $95.59. The stock has a market cap of $27.51 billion, a price-to-earnings ratio of 88.31, a PEG ratio of 1.89 and a beta of 2.02.

Aptiv (NYSE:APTVGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The auto parts company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.04 by $0.24. The business had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Aptiv had a return on equity of 9.06% and a net margin of 2.21%. The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 EPS. Analysts forecast that Aptiv PLC will post 3.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $120.00 to $105.00 in a research note on Monday, November 28th. Citigroup lowered their price objective on shares of Aptiv from $150.00 to $128.00 and set a “buy” rating on the stock in a research note on Wednesday, September 28th. Raymond James cut their target price on Aptiv from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. StockNews.com assumed coverage on Aptiv in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada cut their price objective on Aptiv from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, December 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.44.

Aptiv Profile

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Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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