Alberta Investment Management Corp Has $21.11 Million Stake in Aptiv PLC $APTV

Alberta Investment Management Corp increased its stake in Aptiv PLC (NYSE:APTV) by 387.5% in the 4th quarter, Holdings Channel reports. The firm owned 277,400 shares of the auto parts company’s stock after purchasing an additional 220,500 shares during the period. Alberta Investment Management Corp’s holdings in Aptiv were worth $21,107,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Saranac Partners Ltd bought a new stake in Aptiv during the 3rd quarter valued at approximately $25,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Aptiv in the third quarter valued at approximately $30,000. Larson Financial Group LLC boosted its position in shares of Aptiv by 240.0% in the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 252 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of Aptiv in the fourth quarter worth $33,000. Finally, DV Equities LLC acquired a new stake in shares of Aptiv in the fourth quarter worth $33,000. Institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Evercore lowered their price target on Aptiv from $100.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Wall Street Zen downgraded Aptiv from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Morgan Stanley raised Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price objective on the stock in a report on Friday, May 8th. Zacks Research cut Aptiv from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Fox Advisors cut their target price on Aptiv from $110.00 to $70.00 in a research note on Friday, May 8th. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.67.

Insider Buying and Selling

In related news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the sale, the executive vice president directly owned 163,752 shares in the company, valued at $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is currently owned by insiders.

Aptiv Trading Up 1.5%

APTV opened at $63.84 on Friday. Aptiv PLC has a 1-year low of $51.68 and a 1-year high of $88.93. The firm has a 50-day moving average price of $61.23 and a two-hundred day moving average price of $70.99. The stock has a market capitalization of $13.51 billion, a PE ratio of 37.78, a PEG ratio of 1.05 and a beta of 1.45. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98.

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

Aptiv Company 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.