GAMMA Investing LLC Takes $32,000 Position in Aptiv PLC (NYSE:APTV)

GAMMA Investing LLC bought a new stake in Aptiv PLC (NYSE:APTV) during the fourth quarter, Holdings Channel reports. The institutional investor bought 358 shares of the auto parts company’s stock, valued at approximately $32,000.

A number of other large investors also recently made changes to their positions in APTV. Vanguard Group Inc. increased its holdings in shares of Aptiv by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock valued at $3,092,966,000 after purchasing an additional 1,265,774 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Aptiv by 65.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,158,382 shares of the auto parts company’s stock valued at $193,650,000 after purchasing an additional 850,294 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Aptiv by 138.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock worth $127,121,000 after buying an additional 747,666 shares during the period. Impax Asset Management Group plc grew its stake in Aptiv by 10.7% in the 3rd quarter. Impax Asset Management Group plc now owns 6,790,225 shares of the auto parts company’s stock valued at $668,843,000 after buying an additional 656,845 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in Aptiv in the 3rd quarter worth $52,529,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 18,680 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Aptiv Price Performance

APTV opened at $80.82 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 1.22. The company’s 50 day simple moving average is $76.13 and its 200-day simple moving average is $80.53. Aptiv PLC has a one year low of $68.84 and a one year high of $113.60. The stock has a market capitalization of $22.04 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.90.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period last year, the firm earned $0.91 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Sell-side analysts anticipate that Aptiv PLC will post 5.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on APTV shares. Robert W. Baird lifted their price objective on Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday. Citigroup decreased their target price on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Oppenheimer lowered their price target on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. dropped their target price on Aptiv from $110.00 to $109.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. Finally, Morgan Stanley lowered Aptiv from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $90.00 to $74.00 in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.85.

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.