Phocas Financial Corp. Takes Position in Aptiv PLC (NYSE:APTV)

Phocas Financial Corp. acquired a new stake in shares of Aptiv PLC (NYSE:APTV – Get Rating) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 925 shares of the auto parts company’s stock, valued at approximately $86,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Aptiv by 184.3% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,407,860 shares of the auto parts company’s stock valued at $188,319,000 after acquiring an additional 1,560,928 shares during the last quarter. Macquarie Group Ltd. lifted its position in Aptiv by 89.9% during the third quarter. Macquarie Group Ltd. now owns 3,237,421 shares of the auto parts company’s stock valued at $253,199,000 after acquiring an additional 1,532,791 shares during the last quarter. Balyasny Asset Management LLC lifted its position in Aptiv by 244.4% during the third quarter. Balyasny Asset Management LLC now owns 1,852,385 shares of the auto parts company’s stock valued at $144,875,000 after acquiring an additional 1,314,527 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Aptiv by 209.0% during the second quarter. Point72 Asset Management L.P. now owns 1,616,175 shares of the auto parts company’s stock valued at $143,953,000 after acquiring an additional 1,093,163 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Aptiv by 31.7% during the second quarter. Goldman Sachs Group Inc. now owns 3,656,102 shares of the auto parts company’s stock valued at $325,649,000 after acquiring an additional 880,481 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

Aptiv Stock Down 4.4 %

APTV stock opened at $107.20 on Friday. The firm has a market cap of $29.06 billion, a PE ratio of 54.97, a P/E/G ratio of 2.37 and a beta of 2.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.12 and a current ratio of 1.60. The firm’s fifty day moving average is $111.83 and its 200 day moving average is $100.29. Aptiv PLC has a one year low of $77.96 and a one year high of $129.18.

Aptiv (NYSE:APTV – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The auto parts company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.19 by $0.08. Aptiv had a net margin of 3.40% and a return on equity of 11.29%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the business earned $0.56 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. On average, research analysts forecast that Aptiv PLC will post 4.33 EPS for the current year.

Insider Activity

In other news, CEO Kevin P. Clark sold 6,665 shares of Aptiv stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $95.34, for a total value of $635,441.10. Following the sale, the chief executive officer now owns 559,237 shares in the company, valued at $53,317,655.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Kevin P. Clark sold 6,665 shares of Aptiv stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $95.34, for a total value of $635,441.10. Following the sale, the chief executive officer now owns 559,237 shares in the company, valued at $53,317,655.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO William T. Presley sold 7,000 shares of Aptiv stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $120.00, for a total transaction of $840,000.00. Following the completion of the sale, the chief operating officer now owns 62,833 shares in the company, valued at approximately $7,539,960. The disclosure for this sale can be found here. Insiders have sold a total of 26,995 shares of company stock worth $3,024,121 over the last 90 days. 0.41% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Cowen raised their price target on shares of Aptiv from $134.00 to $144.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Citigroup raised their price target on shares of Aptiv from $138.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, February 15th. Royal Bank of Canada raised their price target on shares of Aptiv from $126.00 to $128.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Robert W. Baird raised their price target on shares of Aptiv from $135.00 to $141.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Finally, Guggenheim raised their target price on shares of Aptiv from $138.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, February 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

Aptiv Company Profile

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Aptiv Plc is a technology and mobility architecture company, which engages in the business of designing and manufacturing vehicle components; providing electrical, electronic, and active safety technology solutions to the global automotive and commercial vehicle markets; and creating the software and hardware foundation for vehicle features and functionality.