Applied Finance Capital Management LLC Grows Position in Aptiv PLC $APTV

Applied Finance Capital Management LLC boosted its stake in shares of Aptiv PLC (NYSE:APTV) by 4.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 269,134 shares of the auto parts company’s stock after acquiring an additional 10,496 shares during the period. Applied Finance Capital Management LLC’s holdings in Aptiv were worth $18,689,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Saranac Partners Ltd bought a new stake in Aptiv in the 3rd quarter worth approximately $25,000. Larson Financial Group LLC increased its position in Aptiv by 240.0% in the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 252 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Aptiv during the fourth quarter valued at $33,000. DV Equities LLC purchased a new position in shares of Aptiv in the 4th quarter worth approximately $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in shares of Aptiv by 60.0% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 0.1%

Shares of Aptiv stock opened at $60.62 on Monday. Aptiv PLC has a 52-week low of $51.68 and a 52-week high of $88.93. The firm’s 50 day moving average price is $61.49 and its 200-day moving average price is $69.08. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. The company has a market cap of $12.83 billion, a P/E ratio of 35.87, a PEG ratio of 1.12 and a beta of 1.46.

Aptiv (NYSE:APTV) last announced its earnings results 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. The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.69 EPS. On average, sell-side analysts predict that Aptiv PLC will post 5.96 EPS for the current fiscal year.

Insider Activity

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president owned 163,752 shares of the company’s stock, 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 SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on APTV. Royal Bank Of Canada cut their price objective on Aptiv from $104.00 to $81.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Evercore lowered their price objective on shares of Aptiv from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Robert W. Baird reduced their target price on shares of Aptiv from $105.00 to $74.00 and set an “outperform” rating on the stock in a research report on Thursday, April 2nd. Wells Fargo & Company decreased their price target on shares of Aptiv from $82.00 to $77.00 and set an “overweight” rating for the company in a research note on Thursday, June 25th. Finally, Argus reduced their price objective on Aptiv from $99.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Twenty-two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $82.11.

About Aptiv

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.