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

International Assets Investment Management LLC purchased a new stake in Aptiv PLC (NYSE:APTV) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,624 shares of the auto parts company’s stock, valued at approximately $13,120,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BluePath Capital Management LLC purchased a new position in shares of Aptiv in the 3rd quarter worth approximately $55,000. Huntington National Bank increased its position in Aptiv by 248.9% during the third quarter. Huntington National Bank now owns 642 shares of the auto parts company’s stock valued at $63,000 after acquiring an additional 458 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Aptiv in the third quarter valued at $82,000. iA Global Asset Management Inc. purchased a new stake in shares of Aptiv in the third quarter valued at $85,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Aptiv by 189.2% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 934 shares of the auto parts company’s stock worth $92,000 after acquiring an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

APTV has been the topic of several analyst reports. Barclays cut their price target on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Citigroup reduced their price target on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Guggenheim dropped their price objective on Aptiv from $103.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. UBS Group increased their target price on Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Finally, Piper Sandler lowered their target price on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.85.

Aptiv Stock Performance

Shares of APTV stock opened at $80.82 on Monday. The firm has a market cap of $22.04 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.97 and a beta of 1.90. Aptiv PLC has a 52-week low of $68.84 and a 52-week high of $113.60. The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $76.13 and its 200 day moving average is $80.53.

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

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction that occurred on 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 SEC, which can be accessed through this link. Insiders own 0.34% of the company’s stock.

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.