AlTi Global Inc. Invests $642,000 in Aptiv PLC (NYSE:APTV)

AlTi Global Inc. bought a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,504 shares of the auto parts company's stock, valued at approximately $642,000.

A number of other large investors have also bought and sold shares of APTV. Norges Bank bought a new stake in Aptiv during the 4th quarter worth approximately $106,492,000. Pictet Asset Management Holding SA lifted its stake in Aptiv by 1,018.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock valued at $102,262,000 after acquiring an additional 1,539,724 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Aptiv by 11.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after acquiring an additional 1,517,104 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after buying an additional 1,408,433 shares in the last quarter. Finally, Paloma Partners Management Co boosted its position in Aptiv by 968.7% in the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock worth $55,007,000 after purchasing an additional 824,400 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Trading Down 0.9 %

Shares of APTV stock traded down $0.53 on Tuesday, hitting $58.26. 2,141,913 shares of the company's stock traded hands, compared to its average volume of 3,489,263. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 8.47, a P/E/G ratio of 0.62 and a beta of 1.64. The company's fifty day simple moving average is $58.30 and its 200 day simple moving average is $59.82. Aptiv PLC has a one year low of $47.19 and a one year high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 earnings per share. Equities analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Insider Buying and Selling at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on APTV shares. Barclays boosted their price target on shares of Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday. Raymond James restated a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. Robert W. Baird decreased their target price on Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Guggenheim dropped their price target on Aptiv from $75.00 to $64.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $82.06.

Aptiv Company 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.