Aptiv PLC $APTV Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its holdings in Aptiv PLC (NYSE:APTV) by 126.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 222,806 shares of the auto parts company’s stock after buying an additional 124,426 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Aptiv were worth $16,953,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Westpac Banking Corp boosted its holdings in Aptiv by 6.6% in the fourth quarter. Westpac Banking Corp now owns 1,905 shares of the auto parts company’s stock worth $145,000 after acquiring an additional 118 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Aptiv by 3.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,734 shares of the auto parts company’s stock worth $284,000 after acquiring an additional 120 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Aptiv by 0.5% during the fourth quarter. Benjamin Edwards Inc. now owns 34,728 shares of the auto parts company’s stock worth $2,642,000 after purchasing an additional 156 shares during the period. Unified Investment Management lifted its holdings in shares of Aptiv by 1.3% during the fourth quarter. Unified Investment Management now owns 12,384 shares of the auto parts company’s stock worth $942,000 after purchasing an additional 161 shares during the period. Finally, CI Investments Inc. lifted its holdings in shares of Aptiv by 11.6% during the third quarter. CI Investments Inc. now owns 1,564 shares of the auto parts company’s stock worth $135,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Down 1.2%

Shares of APTV opened at $68.47 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. Aptiv PLC has a one year low of $51.68 and a one year high of $88.93. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 1.15 and a beta of 1.45. The stock has a 50 day moving average price of $60.79 and a 200 day moving average price of $71.46.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS 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 during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the previous year, the business earned $1.69 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts forecast that Aptiv PLC will post 6.41 earnings per share for the current fiscal year.

Insider Activity at Aptiv

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 163,752 shares in the company, valued at approximately $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on APTV. HSBC decreased their target price on Aptiv from $81.32 to $75.00 and set a “buy” rating for the company in a report on Monday, April 27th. Evercore decreased their target price on Aptiv from $100.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Wells Fargo & Company lifted their target price on Aptiv from $81.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Barclays decreased their target price on Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Finally, Morgan Stanley raised Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 target price for the company in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.33.

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.