International Assets Investment Management LLC Makes New $13.12 Million Investment in Aptiv PLC (NYSE:APTV)

International Assets Investment Management LLC bought a new position in Aptiv PLC (NYSE:APTV) in the 4th quarter, Holdings Channel.com reports. The firm bought 14,624 shares of the auto parts company’s stock, valued at approximately $13,120,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avitas Wealth Management LLC purchased a new position in Aptiv in the fourth quarter valued at about $423,000. Asset Management One Co. Ltd. raised its stake in Aptiv by 0.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 110,952 shares of the auto parts company’s stock valued at $10,038,000 after buying an additional 674 shares in the last quarter. Private Trust Co. NA raised its stake in Aptiv by 29.7% during the fourth quarter. Private Trust Co. NA now owns 1,339 shares of the auto parts company’s stock valued at $120,000 after buying an additional 307 shares in the last quarter. GAM Holding AG acquired a new stake in Aptiv during the fourth quarter valued at approximately $1,011,000. Finally, DAVENPORT & Co LLC raised its stake in Aptiv by 19.5% during the fourth quarter. DAVENPORT & Co LLC now owns 47,392 shares of the auto parts company’s stock valued at $4,252,000 after buying an additional 7,742 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Down 2.1 %

APTV opened at $74.19 on Friday. Aptiv PLC has a 12 month low of $71.01 and a 12 month high of $113.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The stock has a market cap of $20.23 billion, a P/E ratio of 7.16, a P/E/G ratio of 0.96 and a beta of 1.90. The stock’s 50 day moving average price is $78.59 and its 200 day moving average price is $83.31.

Aptiv (NYSE:APTV) last posted its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The firm had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.95 billion. As a group, research analysts predict that Aptiv PLC will post 5.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Robert W. Baird cut Aptiv from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Barclays cut their price objective on Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company cut their price objective on Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. UBS Group increased their price target on Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Finally, Piper Sandler dropped their price target on Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.14.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

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.