Vontobel Holding Ltd. Boosts Position in Aptiv PLC (NYSE:APTV)

Vontobel Holding Ltd. raised its position in Aptiv PLC (NYSE:APTV - Free Report) by 10.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 69,663 shares of the auto parts company's stock after purchasing an additional 6,366 shares during the period. Vontobel Holding Ltd.'s holdings in Aptiv were worth $4,213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. increased its stake in shares of Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after acquiring an additional 409 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Aptiv in the 3rd quarter worth $43,000. Brooklyn Investment Group acquired a new stake in shares of Aptiv in the 3rd quarter worth $43,000. Hazlett Burt & Watson Inc. increased its stake in shares of Aptiv by 100.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company's stock worth $50,000 after acquiring an additional 351 shares during the last quarter. Finally, CENTRAL TRUST Co increased its stake in shares of Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock worth $52,000 after acquiring an additional 677 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on APTV shares. Robert W. Baird raised Aptiv from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. Hsbc Global Res raised Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. TD Cowen cut their price objective on Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Piper Sandler raised Aptiv from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $53.00 to $65.00 in a research report on Thursday, January 23rd. Finally, HSBC raised Aptiv from a "hold" rating to a "buy" rating and raised their price objective for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of "Moderate Buy" and an average price target of $85.61.

Aptiv Stock Down 0.3 %

Shares of APTV traded down $0.21 during midday trading on Wednesday, hitting $66.67. The company had a trading volume of 1,828,123 shares, compared to its average volume of 3,270,723. The company's 50-day simple moving average is $61.51 and its 200-day simple moving average is $63.98. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm has a market capitalization of $15.30 billion, a P/E ratio of 9.69, a P/E/G ratio of 0.62 and a beta of 1.74. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

About Aptiv

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.