Aptiv PLC (NYSE:APTV) Position Boosted by Banque Pictet & Cie SA

Banque Pictet & Cie SA lifted its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 91.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,925 shares of the auto parts company's stock after purchasing an additional 55,400 shares during the period. Banque Pictet & Cie SA's holdings in Aptiv were worth $7,011,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of APTV. Proactive Wealth Strategies LLC purchased a new stake in Aptiv in the 3rd quarter worth approximately $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company's stock worth $8,022,000 after acquiring an additional 47,215 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Aptiv in the 3rd quarter worth approximately $14,893,000. Shorepath Capital Management LLC grew its stake in Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company's stock worth $3,998,000 after acquiring an additional 11,835 shares during the period. Finally, National Pension Service grew its stake in Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company's stock worth $36,214,000 after acquiring an additional 71,633 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Down 0.3 %

NYSE:APTV traded down $0.19 on Tuesday, reaching $66.81. The stock had a trading volume of 2,894,546 shares, compared to its average volume of 3,277,040. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average of $61.34 and a 200 day moving average of $64.00. The stock has a market cap of $15.70 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 0.54 and a beta of 1.74. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $85.56.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, research analysts predict that Aptiv PLC will post 7.14 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on APTV. Royal Bank of Canada lifted their target price on shares of Aptiv from $75.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. StockNews.com assumed coverage on shares of Aptiv in a report on Saturday. They issued a "hold" rating on the stock. Argus upgraded shares of Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $107.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, Barclays lifted their price target on shares of Aptiv from $75.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.61.

Aptiv Profile

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.