Aptiv PLC $APTV Shares Acquired by Man Group plc

Man Group plc grew its stake in Aptiv PLC (NYSE:APTV) by 5.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,157,000 shares of the auto parts company’s stock after purchasing an additional 111,975 shares during the quarter. Man Group plc’s holdings in Aptiv were worth $164,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp grew its holdings in Aptiv by 4.3% during the fourth quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock worth $765,976,000 after acquiring an additional 419,375 shares during the period. Norges Bank acquired a new position in Aptiv during the fourth quarter worth $634,961,000. Geode Capital Management LLC grew its holdings in Aptiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock worth $441,289,000 after acquiring an additional 99,876 shares during the period. Nordea Investment Management AB grew its holdings in Aptiv by 34.2% during the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after acquiring an additional 1,167,946 shares during the period. Finally, Boston Partners grew its holdings in Aptiv by 29.2% during the third quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock worth $361,385,000 after acquiring an additional 948,327 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Trading Down 4.3%

Shares of APTV opened at $62.85 on Thursday. 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 firm has a 50 day simple moving average of $61.12 and a 200-day simple moving average of $71.09. Aptiv PLC has a 1-year low of $51.68 and a 1-year high of $88.93. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 37.19, a price-to-earnings-growth ratio of 1.10 and a beta of 1.45.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The business had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period last year, the company posted $1.69 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that Aptiv PLC will post 6.37 EPS for the current fiscal year.

Insider Activity

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on APTV. Deutsche Bank Aktiengesellschaft dropped their price objective on Aptiv from $84.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Wells Fargo & Company upped their price objective on Aptiv from $81.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. President Capital began coverage on Aptiv in a report on Wednesday, March 25th. They set a “buy” rating and a $82.50 price objective on the stock. Morgan Stanley raised Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price objective on the stock in a report on Friday, May 8th. Finally, HSBC dropped their price objective on Aptiv from $81.32 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Twenty-two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.67.

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.