Aptiv PLC $APTV Shares Purchased by Eventide Asset Management LLC

Eventide Asset Management LLC boosted its position in Aptiv PLC (NYSE:APTV) by 177.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,629 shares of the auto parts company’s stock after purchasing an additional 7,440 shares during the quarter. Eventide Asset Management LLC’s holdings in Aptiv were worth $894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Westpac Banking Corp raised its stake in Aptiv by 6.6% in the 4th quarter. Westpac Banking Corp now owns 1,905 shares of the auto parts company’s stock valued at $145,000 after purchasing an additional 118 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Aptiv by 3.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,734 shares of the auto parts company’s stock valued at $284,000 after purchasing an additional 120 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Aptiv by 4.2% in the 4th quarter. Advisors Asset Management Inc. now owns 3,559 shares of the auto parts company’s stock valued at $271,000 after purchasing an additional 143 shares during the last quarter. Benjamin Edwards Inc. increased its stake in shares of Aptiv by 0.5% during the 4th quarter. Benjamin Edwards Inc. now owns 34,728 shares of the auto parts company’s stock valued at $2,642,000 after acquiring an additional 156 shares during the last quarter. Finally, Unified Investment Management increased its stake in shares of Aptiv by 1.3% during the 4th quarter. Unified Investment Management now owns 12,384 shares of the auto parts company’s stock valued at $942,000 after acquiring an additional 161 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wolfe Research raised shares of Aptiv from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday, March 6th. Oppenheimer dropped their price objective on shares of Aptiv from $106.00 to $84.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Argus dropped their price objective on shares of Aptiv from $99.00 to $69.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Citigroup dropped their price objective on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Aptiv from $83.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $82.67.

Insider Transactions at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 163,752 shares in the company, valued at $12,821,781.60. This represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.06% of the company’s stock.

Aptiv Stock Up 0.0%

APTV opened at $68.06 on Monday. The firm has a 50 day moving average price of $60.86 and a 200 day moving average price of $71.34. The company has a market cap of $14.40 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45. Aptiv PLC has a 1 year low of $51.68 and a 1 year high of $88.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11.

Aptiv (NYSE:APTV) last posted its earnings results 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. The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.69 EPS. Sell-side analysts expect that Aptiv PLC will post 6.37 earnings per share for the current year.

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.