Catalyst Funds Management Pty Ltd grew its stake in Aptiv PLC (NYSE:APTV - Free Report) by 387.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,600 shares of the auto parts company's stock after buying an additional 12,400 shares during the quarter. Catalyst Funds Management Pty Ltd's holdings in Aptiv were worth $943,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Aptiv by 1,390.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company's stock worth $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Harris Associates L P purchased a new stake in shares of Aptiv during the third quarter worth about $162,640,000. Point72 Asset Management L.P. purchased a new stake in shares of Aptiv during the third quarter worth about $143,909,000. FMR LLC grew its position in shares of Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock worth $550,759,000 after purchasing an additional 1,294,670 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company's stock worth $336,861,000 after purchasing an additional 1,090,766 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.
Insider Buying and Selling
In related news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is owned by company insiders.
Aptiv Stock Down 0.1 %
Shares of NYSE:APTV traded down $0.07 on Wednesday, reaching $62.75. The company had a trading volume of 3,604,057 shares, compared to its average volume of 3,233,224. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The firm's 50 day simple moving average is $63.69 and its 200-day simple moving average is $63.31. The firm has a market capitalization of $14.40 billion, a PE ratio of 9.12, a PEG ratio of 0.62 and a beta of 1.78. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.
Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on APTV shares. Robert W. Baird upgraded Aptiv from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. UBS Group raised their price target on Aptiv from $82.00 to $91.00 and gave the company a "buy" rating in a report on Friday, February 7th. Royal Bank of Canada raised their price target on Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Guggenheim restated a "buy" rating and set a $73.00 price target on shares of Aptiv in a report on Thursday, December 5th. Finally, TD Cowen assumed coverage on Aptiv in a research note on Friday, March 7th. They issued a "buy" rating and a $90.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $86.50.
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Aptiv Profile
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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.
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