Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Aptiv PLC (NYSE:APTV)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Aptiv PLC (NYSE:APTV) in the 4th quarter, HoldingsChannel.com reports. The fund bought 109,074 shares of the auto parts company’s stock, valued at approximately $6,597,000.

Other large investors have also recently made changes to their positions in the company. Boston Common Asset Management LLC grew its position in Aptiv by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after buying an additional 188 shares during the period. First Horizon Advisors Inc. grew its position in shares of Aptiv by 4.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock valued at $334,000 after acquiring an additional 218 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Aptiv by 4.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,119 shares of the auto parts company’s stock valued at $585,000 after purchasing an additional 310 shares in the last quarter. Metis Global Partners LLC increased its stake in shares of Aptiv by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 13,130 shares of the auto parts company’s stock valued at $945,000 after purchasing an additional 316 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its holdings in Aptiv by 5.7% in the 3rd quarter. Insigneo Advisory Services LLC now owns 6,205 shares of the auto parts company’s stock worth $447,000 after purchasing an additional 337 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Raymond James restated a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. Barclays boosted their price target on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. UBS Group increased their price objective on shares of Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Friday, February 7th. Finally, Guggenheim restated a “buy” rating and set a $73.00 price target on shares of Aptiv in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Aptiv Price Performance

Aptiv stock opened at $63.28 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The stock has a market cap of $14.52 billion, a P/E ratio of 9.20, a PEG ratio of 0.62 and a beta of 1.78. The company has a 50-day moving average price of $63.64 and a 200 day moving average price of $63.48. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $85.56.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Sell-side analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Aptiv Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.