Scotia Capital Inc. Grows Holdings in Aptiv PLC (NYSE:APTV)

Scotia Capital Inc. boosted its holdings in shares of Aptiv PLC (NYSE:APTV) by 79.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,488 shares of the auto parts company’s stock after acquiring an additional 12,604 shares during the period. Scotia Capital Inc.’s holdings in Aptiv were worth $1,723,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Picton Mahoney Asset Management bought a new position in shares of Aptiv during the fourth quarter valued at approximately $37,000. CENTRAL TRUST Co raised its stake in Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after buying an additional 677 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in Aptiv by 163.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock worth $110,000 after acquiring an additional 1,145 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Aptiv by 93.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 918 shares during the last quarter. Finally, Westpac Banking Corp increased its holdings in shares of Aptiv by 21.9% during the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock valued at $115,000 after acquiring an additional 341 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on APTV shares. Barclays increased their price objective on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Oppenheimer raised their price target on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Evercore ISI lowered their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Finally, Argus raised Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.78.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

Aptiv Price Performance

Shares of Aptiv stock opened at $48.00 on Friday. The stock’s fifty day moving average is $61.94 and its 200 day moving average is $61.74. Aptiv PLC has a one year low of $47.19 and a one year high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The stock has a market cap of $11.01 billion, a P/E ratio of 6.98, a P/E/G ratio of 0.62 and a beta of 1.64.

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

Aptiv Company 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.