Integrated Quantitative Investments LLC Acquires New Position in Aptiv PLC (NYSE:APTV)

Integrated Quantitative Investments LLC purchased a new stake in shares of Aptiv PLC (NYSE:APTV) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,800 shares of the auto parts company’s stock, valued at approximately $290,000.

Other hedge funds have also modified their holdings of the company. Picton Mahoney Asset Management purchased a new position in shares of Aptiv during the 4th quarter valued at $37,000. CENTRAL TRUST Co raised its holdings in Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after acquiring an additional 677 shares during the period. Hazlett Burt & Watson Inc. lifted its position in shares of Aptiv by 163.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock valued at $110,000 after acquiring an additional 1,145 shares in the last quarter. Westpac Banking Corp boosted its stake in shares of Aptiv by 21.9% in the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 341 shares during the period. Finally, SRS Capital Advisors Inc. grew its position in shares of Aptiv by 93.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 918 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’s 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 sale, the senior vice president now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is owned by insiders.

Aptiv Price Performance

Shares of APTV opened at $53.07 on Friday. The stock has a market capitalization of $12.18 billion, a PE ratio of 7.71, a PEG ratio of 0.62 and a beta of 1.78. The company has a 50 day moving average price of $63.55 and a 200-day moving average price of $62.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv PLC has a fifty-two week low of $50.10 and a fifty-two week high of $85.56.

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

Analysts Set New Price Targets

Several research firms have weighed in on APTV. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Friday, February 7th. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Barclays boosted their target price on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Wells Fargo & Company increased their price objective on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, TD Cowen assumed coverage on Aptiv in a report on Friday, March 7th. They issued a “buy” rating and a $90.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $86.61.

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.