Montag & Caldwell LLC Buys 4,263 Shares of Aptiv PLC (NYSE:APTV)

Montag & Caldwell LLC boosted its stake in Aptiv PLC (NYSE:APTV) by 94.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,754 shares of the auto parts company’s stock after purchasing an additional 4,263 shares during the quarter. Montag & Caldwell LLC’s holdings in Aptiv were worth $529,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Covestor Ltd grew its holdings in Aptiv by 11.4% during the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock valued at $110,000 after buying an additional 186 shares in the last quarter. Boston Common Asset Management LLC grew its holdings in shares of Aptiv by 4.8% in the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after purchasing an additional 188 shares in the last quarter. Horizon Investments LLC lifted its holdings in shares of Aptiv by 6.1% in the 4th quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock valued at $231,000 after acquiring an additional 219 shares during the last quarter. Westpac Banking Corp boosted its holdings in shares of Aptiv by 21.9% in the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 341 shares during the period. Finally, Providence Capital Advisors LLC lifted its holdings in shares of Aptiv by 0.4% in the 4th quarter. Providence Capital Advisors LLC now owns 87,479 shares of the auto parts company’s stock worth $5,291,000 after acquiring an additional 364 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on APTV shares. Barclays boosted their target price on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. TD Cowen started coverage on shares of Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 target price on the stock. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Evercore ISI decreased their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.78.

Aptiv Stock Performance

NYSE APTV opened at $50.06 on Tuesday. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm has a market capitalization of $11.49 billion, a P/E ratio of 7.28, a PEG ratio of 0.62 and a beta of 1.64. The stock has a 50-day simple moving average of $61.72 and a two-hundred day simple moving average of $61.49.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, equities analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.45% of the company’s stock.

About Aptiv

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.