Panagora Asset Management Inc. Raises Position in Aptiv PLC $APTV

Panagora Asset Management Inc. lifted its holdings in shares of Aptiv PLC (NYSE:APTV) by 30.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 677,546 shares of the auto parts company’s stock after acquiring an additional 159,775 shares during the period. Panagora Asset Management Inc.’s holdings in Aptiv were worth $51,554,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Westpac Banking Corp boosted its holdings in shares of Aptiv by 6.6% during the fourth quarter. Westpac Banking Corp now owns 1,905 shares of the auto parts company’s stock worth $145,000 after purchasing an additional 118 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Aptiv by 3.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,734 shares of the auto parts company’s stock worth $284,000 after purchasing an additional 120 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Aptiv by 4.2% during the fourth quarter. Advisors Asset Management Inc. now owns 3,559 shares of the auto parts company’s stock worth $271,000 after purchasing an additional 143 shares during the last quarter. Benjamin Edwards Inc. boosted 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 last quarter. Finally, Unified Investment Management boosted 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 last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Trading Down 2.1%

Shares of APTV opened at $66.59 on Tuesday. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $14.09 billion, a P/E ratio of 39.40, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45. The stock’s fifty day simple moving average is $60.97 and its 200 day simple moving average is $71.27. Aptiv PLC has a twelve month low of $51.68 and a twelve month high of $88.93.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.09. The business 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%.The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $1.69 EPS. On average, equities research analysts forecast that Aptiv PLC will post 6.37 earnings per share for the current year.

Insider Buying and Selling at Aptiv

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the 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 transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This trade represents a 1.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased 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. President Capital assumed 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 upgraded 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. Evercore decreased their price objective on Aptiv from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Finally, The Goldman Sachs Group increased their target price on Aptiv from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Twenty-two investment 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’s stock. According to MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.67.

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.