Intech Investment Management LLC Buys 13,471 Shares of Aptiv PLC (NYSE:APTV)

Intech Investment Management LLC grew its stake in shares of Aptiv PLC (NYSE:APTV) by 264.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,565 shares of the auto parts company’s stock after buying an additional 13,471 shares during the quarter. Intech Investment Management LLC’s holdings in Aptiv were worth $1,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. grew its stake in shares of Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in shares of Aptiv during the fourth quarter worth $37,000. Brooklyn Investment Group bought a new stake in shares of Aptiv in the third quarter worth $43,000. CENTRAL TRUST Co grew its stake in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Aptiv in the third quarter worth $64,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of NYSE APTV opened at $62.40 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The firm has a market capitalization of $14.32 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.62 and a beta of 1.78. The firm’s 50-day moving average price is $63.82 and its 200-day moving average price is $63.19.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Equities research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Guggenheim reissued a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Argus raised shares of Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada boosted their price objective on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Evercore ISI reduced their price objective on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.45% of the stock is currently owned by company insiders.

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.