Aptiv PLC (NYSE:APTV) Shares Purchased by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG increased its holdings in Aptiv PLC by 150.7% during Q1, owning a total of 24,257 shares valued at approximately $1.44 million.
• Aptiv reported quarterly earnings of $2.12 per share, surpassing estimates, with revenue of $5.21 billion, indicating a 3.1% increase from the previous year.
• Analysts have mixed views on Aptiv, with an average rating of "Moderate Buy" and a price target of $80.38, while individual price targets range from as low as $55.00 to as high as $90.00.

J. Safra Sarasin Holding AG increased its position in Aptiv PLC (NYSE:APTV - Free Report) by 150.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,257 shares of the auto parts company's stock after purchasing an additional 14,583 shares during the period. J. Safra Sarasin Holding AG's holdings in Aptiv were worth $1,443,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of APTV. Mather Group LLC. increased its position in shares of Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after purchasing an additional 385 shares during the last quarter. Eastern Bank bought a new position in Aptiv during the first quarter valued at $39,000. Versant Capital Management Inc increased its position in Aptiv by 201.7% in the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after buying an additional 470 shares during the last quarter. UMB Bank n.a. bought a new position in shares of Aptiv during the 1st quarter worth $48,000. Finally, Blue Trust Inc. raised its stake in Aptiv by 48.4% in the 1st quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock valued at $74,000 after acquiring an additional 406 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Oppenheimer reissued an "outperform" rating and set a $88.00 target price (up previously from $84.00) on shares of Aptiv in a report on Monday. UBS Group lifted their target price on Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wells Fargo & Company increased their price target on shares of Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Bank of America upped their target price on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Finally, Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Aptiv currently has an average rating of "Moderate Buy" and an average target price of $81.50.

Aptiv Stock Up 1.6%

NYSE APTV traded up $1.05 on Friday, reaching $66.85. 1,032,818 shares of the stock traded hands, compared to its average volume of 3,033,988. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $75.41. The company has a market cap of $14.56 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.73 and a beta of 1.48. The company has a fifty day moving average price of $68.61 and a 200-day moving average price of $63.95. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The firm had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The company's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 EPS. As a group, research analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal 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.