Atom Investors LP Acquires Shares of 86,251 Aptiv PLC $APTV

Atom Investors LP acquired a new stake in Aptiv PLC (NYSE:APTV) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 86,251 shares of the auto parts company’s stock, valued at approximately $6,563,000.

Other large investors have also recently made changes to their positions in the company. Saranac Partners Ltd bought a new position in shares of Aptiv in the third quarter valued at $25,000. Foster Dykema Cabot & Partners LLC bought a new position in shares of Aptiv in the third quarter valued at $30,000. Larson Financial Group LLC lifted its position in shares of Aptiv by 240.0% during the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 252 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Aptiv during the fourth quarter valued at about $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in shares of Aptiv by 60.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 180 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on APTV. Weiss Ratings raised shares of Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Wolfe Research raised shares of Aptiv from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research report on Friday, March 6th. Evercore dropped their price target on shares of Aptiv from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Morgan Stanley raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price target on the stock in a research report on Friday, May 8th. Finally, President Capital began coverage on shares of Aptiv in a research report on Wednesday, March 25th. They set a “buy” rating and a $82.50 price target on the stock. Twenty-two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.67.

Aptiv Stock Performance

NYSE APTV opened at $65.75 on Wednesday. Aptiv PLC has a 52-week low of $51.68 and a 52-week high of $88.93. The company has a 50-day simple moving average of $61.07 and a 200 day simple moving average of $71.19. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. The company has a market capitalization of $13.91 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 1.11 and a beta of 1.45.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter last year, the company posted $1.69 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts predict that Aptiv PLC will post 6.37 EPS for the current year.

Insider Transactions at Aptiv

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the sale, the executive vice president owned 163,752 shares in the company, valued at approximately $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

Aptiv Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.