Eventide Asset Management LLC Grows Holdings in Aptiv PLC $APTV

Eventide Asset Management LLC grew its holdings in shares of Aptiv PLC (NYSE:APTV) by 177.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,629 shares of the auto parts company’s stock after acquiring an additional 7,440 shares during the period. Eventide Asset Management LLC’s holdings in Aptiv were worth $894,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB boosted its stake in shares of Aptiv by 34.2% during the 4th quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after buying an additional 1,167,946 shares during the last quarter. Thematics Asset Management boosted its stake in shares of Aptiv by 56.9% during the 3rd quarter. Thematics Asset Management now owns 261,454 shares of the auto parts company’s stock valued at $22,543,000 after buying an additional 94,782 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Aptiv during the 3rd quarter valued at approximately $297,917,000. Dimensional Fund Advisors LP boosted its stake in shares of Aptiv by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,545,257 shares of the auto parts company’s stock valued at $219,443,000 after buying an additional 65,546 shares during the last quarter. Finally, CSM Advisors LLC purchased a new position in shares of Aptiv during the 3rd quarter valued at approximately $19,335,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on APTV shares. Wells Fargo & Company increased their target price on Aptiv from $81.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. BNP Paribas Exane reduced their price objective on Aptiv from $107.00 to $83.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Piper Sandler reduced their price objective on Aptiv from $106.00 to $94.00 and set an “overweight” rating on the stock in a research note on Monday, June 8th. Robert W. Baird reduced their price objective on Aptiv from $105.00 to $74.00 and set an “outperform” rating on the stock in a research note on Thursday, April 2nd. Finally, Wall Street Zen cut Aptiv from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Twenty-two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $82.67.

Aptiv Price Performance

Shares of NYSE APTV opened at $68.06 on Monday. 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 current ratio of 2.11 and a quick ratio of 1.57. The business’s fifty day moving average price is $60.86 and its two-hundred day moving average price is $71.34. The firm has a market capitalization of $14.40 billion, a PE ratio of 40.27, a P/E/G ratio of 1.14 and a beta of 1.45.

Aptiv (NYSE:APTV) last issued 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. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same period last year, the company earned $1.69 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts expect that Aptiv PLC will post 6.37 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction of $156,600.00. Following the transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is owned by corporate insiders.

Aptiv Company 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.