Aptiv PLC $APTV Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in Aptiv PLC (NYSE:APTV) by 117.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 245,854 shares of the auto parts company’s stock after acquiring an additional 132,571 shares during the period. Hsbc Holdings PLC’s holdings in Aptiv were worth $18,770,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its holdings in shares of Aptiv by 502.1% in the 1st quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock worth $926,000 after acquiring an additional 12,973 shares during the last quarter. Woodline Partners LP increased its holdings in Aptiv by 439.2% in the 1st quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock valued at $4,528,000 after purchasing an additional 61,994 shares during the last quarter. Focus Partners Wealth raised its position in Aptiv by 110.7% in the first quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock valued at $566,000 after purchasing an additional 4,998 shares during the period. Geneos Wealth Management Inc. raised its position in Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Aptiv by 523.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock worth $175,000 after purchasing an additional 2,150 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the transaction, the executive vice president owned 163,752 shares in the company, valued at $12,821,781.60. The trade was 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 this hyperlink. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

APTV has been the subject of several research analyst reports. Evercore lowered their price target on Aptiv from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Fox Advisors decreased their target price on Aptiv from $110.00 to $70.00 in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft lowered their target price on Aptiv from $84.00 to $74.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Zacks Research downgraded Aptiv from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Wells Fargo & Company boosted their price target on shares of Aptiv from $81.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.67.

Aptiv Trading Down 1.8%

APTV opened at $60.34 on Thursday. The business has a fifty day moving average price of $61.42 and a 200 day moving average price of $70.58. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. Aptiv PLC has a 12 month low of $51.68 and a 12 month high of $88.93. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 1.03 and a beta of 1.45.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.Aptiv’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.69 EPS. Sell-side analysts expect that Aptiv PLC will post 6.37 earnings per share for the current fiscal 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.