Quantessence Capital LLC Invests $868,000 in Aptiv PLC (NYSE:APTV)

Quantessence Capital LLC bought a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,350 shares of the auto parts company's stock, valued at approximately $868,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Aptiv in the fourth quarter worth approximately $106,492,000. Pictet Asset Management Holding SA lifted its position in shares of Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $102,262,000 after purchasing an additional 1,539,724 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock valued at $864,206,000 after purchasing an additional 1,517,104 shares during the period. Franklin Resources Inc. grew its holdings in shares of Aptiv by 29.7% in the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after purchasing an additional 1,408,433 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Aptiv by 25.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock worth $168,619,000 after buying an additional 552,066 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by insiders.

Aptiv Stock Down 1.2 %

Shares of NYSE:APTV opened at $51.10 on Tuesday. The business has a fifty day moving average of $60.41 and a two-hundred day moving average of $60.83. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock has a market cap of $11.72 billion, a P/E ratio of 7.43, a PEG ratio of 0.62 and a beta of 1.64.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share 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, research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on APTV. HSBC upgraded shares of Aptiv from a "hold" rating to a "buy" rating and upped their target price for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Evercore ISI cut their price target on Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. StockNews.com started coverage on shares of Aptiv in a research note on Sunday. They issued a "hold" rating for the company. Finally, Wells Fargo & Company raised their target price on shares of Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $82.44.

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.

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