Hsbc Holdings PLC Acquires 132,571 Shares of Aptiv PLC $APTV

Hsbc Holdings PLC grew its holdings in Aptiv PLC (NYSE:APTV) by 117.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 245,854 shares of the auto parts company’s stock after purchasing an additional 132,571 shares during the quarter. Hsbc Holdings PLC owned approximately 0.12% of Aptiv worth $18,770,000 at the end of the most recent reporting period.

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

Insider Activity

In other Aptiv 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 transaction of $156,600.00. Following the completion of the sale, the executive vice president owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. The trade was a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Piper Sandler dropped their price objective on Aptiv from $106.00 to $94.00 and set an “overweight” rating on the stock in a research report on Monday, June 8th. Citigroup decreased their price target on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Morgan Stanley upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price target on the stock in a report on Friday, May 8th. TD Cowen reaffirmed a “buy” rating on shares of Aptiv in a research report on Friday, June 12th. Finally, Barclays reduced their price objective on shares of Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Twenty-two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.50.

Aptiv Price Performance

Shares of NYSE APTV opened at $58.85 on Wednesday. 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 cap of $12.45 billion, a PE ratio of 34.83, a P/E/G ratio of 1.05 and a beta of 1.46. The business has a 50-day simple moving average of $61.46 and a two-hundred day simple moving average of $69.46. Aptiv PLC has a fifty-two week low of $51.68 and a fifty-two week high of $88.93.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.62 by $0.09. The firm had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. Aptiv’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $1.69 EPS. As a group, equities analysts expect that Aptiv PLC will post 6.3 EPS for the current fiscal year.

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.