J. Safra Sarasin Holding AG Has $1.44 Million Holdings in Aptiv PLC (NYSE:APTV)

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

Several other large investors have also recently bought and sold shares of APTV. O Shaughnessy Asset Management LLC raised its stake in Aptiv by 27.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,870 shares of the auto parts company's stock valued at $355,000 after purchasing an additional 1,271 shares during the last quarter. ExodusPoint Capital Management LP raised its stake in Aptiv by 263.0% during the 4th quarter. ExodusPoint Capital Management LP now owns 38,694 shares of the auto parts company's stock valued at $2,340,000 after purchasing an additional 28,035 shares during the last quarter. Prudential PLC raised its stake in Aptiv by 19.5% during the 4th quarter. Prudential PLC now owns 8,873 shares of the auto parts company's stock valued at $537,000 after purchasing an additional 1,449 shares during the last quarter. Integrated Quantitative Investments LLC acquired a new position in Aptiv during the 4th quarter valued at $290,000. Finally, Wells Fargo & Company MN raised its stake in Aptiv by 6.5% during the 4th quarter. Wells Fargo & Company MN now owns 292,313 shares of the auto parts company's stock valued at $17,679,000 after purchasing an additional 17,881 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Trading Down 4.2%

Shares of Aptiv stock opened at $65.76 on Monday. The stock has a market capitalization of $14.32 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The company has a 50-day simple moving average of $68.81 and a 200 day simple moving average of $63.88. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $75.41.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, beating 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 quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.58 EPS. Research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APTV. Morgan Stanley dropped their price objective on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. Robert W. Baird set a $82.00 price objective on shares of Aptiv and gave the company an "outperform" rating in a research note on Friday, July 11th. Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Barclays increased their price objective on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $80.38.

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.

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