Quantinno Capital Management LP Grows Position in Aptiv PLC (NYSE:APTV)

Quantinno Capital Management LP increased its stake in Aptiv PLC (NYSE:APTV - Free Report) by 105.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,417 shares of the auto parts company's stock after acquiring an additional 15,067 shares during the quarter. Quantinno Capital Management LP's holdings in Aptiv were worth $1,779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in Aptiv by 11.4% during the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after purchasing an additional 186 shares during the last quarter. Horizon Investments LLC boosted its stake in Aptiv by 6.1% during the 4th quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock worth $231,000 after purchasing an additional 219 shares during the last quarter. Westpac Banking Corp boosted its stake in Aptiv by 21.9% during the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock worth $115,000 after purchasing an additional 341 shares during the last quarter. Meiji Yasuda Life Insurance Co boosted its stake in Aptiv by 1.9% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 19,565 shares of the auto parts company's stock worth $1,183,000 after purchasing an additional 360 shares during the last quarter. Finally, Providence Capital Advisors LLC boosted its stake in Aptiv by 0.4% during the 4th quarter. Providence Capital Advisors LLC now owns 87,479 shares of the auto parts company's stock worth $5,291,000 after purchasing an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on APTV. Guggenheim lowered their target price on shares of Aptiv from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird lowered their target price on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. UBS Group lifted their target price on shares of Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 target price on the stock in a research note on Friday, February 7th. Finally, Oppenheimer boosted their price target on shares of Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $82.50.

Aptiv Trading Down 1.3%

NYSE APTV traded down $0.84 during trading hours on Friday, reaching $66.13. The company had a trading volume of 1,530,815 shares, compared to its average volume of 3,514,499. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $85.35. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average of $58.70 and a 200 day moving average of $59.94. The stock has a market capitalization of $14.40 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (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 analyst estimates of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Aptiv's revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. As a group, research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.45% of the company's stock.

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.