Aptiv PLC $APTV Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp raised its stake in shares of Aptiv PLC (NYSE:APTV) by 387.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 277,400 shares of the auto parts company’s stock after buying an additional 220,500 shares during the period. Alberta Investment Management Corp’s holdings in Aptiv were worth $21,107,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of APTV. Saranac Partners Ltd acquired a new position in Aptiv during the 3rd quarter valued at about $25,000. Larson Financial Group LLC boosted its stake in Aptiv by 240.0% during the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after buying an additional 252 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after buying an additional 398 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in Aptiv during the third quarter valued at about $30,000. Finally, Atlas Capital Advisors Inc. bought a new position in Aptiv during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Activity at Aptiv

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 transaction of $156,600.00. Following the completion of the sale, the executive vice president directly owned 163,752 shares of the company’s stock, valued at $12,821,781.60. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group decreased their target price on Aptiv from $97.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen cut Aptiv from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Argus decreased their target price on Aptiv from $99.00 to $69.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Evercore decreased their target price on Aptiv from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Finally, Robert W. Baird decreased their target price on Aptiv from $105.00 to $74.00 and set an “outperform” rating for the company in a research note on Thursday, April 2nd. Twenty-two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.67.

Aptiv Trading Down 2.1%

Shares of NYSE APTV opened at $66.59 on Tuesday. Aptiv PLC has a 12 month low of $51.68 and a 12 month high of $88.93. The company has a market cap of $14.09 billion, a price-to-earnings ratio of 39.40, a P/E/G ratio of 1.14 and a beta of 1.45. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $60.97 and a 200-day simple moving average of $71.27.

Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, beating 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 business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the prior year, the business posted $1.69 earnings per share. Aptiv’s revenue was up 5.4% compared to the same quarter last year. Sell-side analysts predict that Aptiv PLC will post 6.37 EPS for the current year.

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.