PFA Pension Forsikringsaktieselskab Invests $10.66 Million in Aptiv PLC $APTV

Key Points

• PFA Pension Forsikringsaktieselskab bought a new position of 138,566 shares of Aptiv worth approximately $10.66 million, representing about 0.06% of the company at the end of the period.
• Institutional ownership is very high (about 94.21%), with several big moves from firms like Ameriprise, Nordea, Impax and Man Group that materially increased their stakes in recent quarters.
• Aptiv beat Q4 estimates with $1.86 EPS (vs. $1.82 expected) and revenue of $5.15B (+5% YoY); the stock has a market cap of $12.9B, a high PE (~79.6), and a consensus analyst target of about $89.37 amid recent price-target cuts.

PFA Pension Forsikringsaktieselskab purchased a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 138,566 shares of the auto parts company's stock, valued at approximately $10,656,000. PFA Pension Forsikringsaktieselskab owned approximately 0.06% of Aptiv at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of APTV. Ameriprise Financial Inc. purchased a new stake in shares of Aptiv during the third quarter worth about $297,917,000. Nordea Investment Management AB grew its holdings in shares of Aptiv by 14,336.5% during the third quarter. Nordea Investment Management AB now owns 3,411,780 shares of the auto parts company's stock worth $291,127,000 after buying an additional 3,388,147 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of Aptiv by 54.5% during the third quarter. Impax Asset Management Group plc now owns 4,523,145 shares of the auto parts company's stock worth $389,986,000 after buying an additional 1,595,276 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Aptiv by 6,711.4% during the second quarter. Balyasny Asset Management L.P. now owns 1,434,076 shares of the auto parts company's stock worth $97,833,000 after buying an additional 1,413,022 shares in the last quarter. Finally, Man Group plc grew its holdings in shares of Aptiv by 155.8% during the third quarter. Man Group plc now owns 2,045,025 shares of the auto parts company's stock worth $176,322,000 after buying an additional 1,245,533 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Price Performance

APTV opened at $60.53 on Monday. The company's 50 day simple moving average is $66.70 and its 200 day simple moving average is $75.37. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.23 and a current ratio of 1.74. Aptiv PLC has a 1 year low of $56.56 and a 1 year high of $88.93. The stock has a market capitalization of $12.90 billion, a PE ratio of 79.64, a P/E/G ratio of 0.81 and a beta of 1.42.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Monday, February 2nd. The auto parts company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.04. Aptiv had a net margin of 0.81% and a return on equity of 18.22%. The business had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $5.07 billion. During the same period last year, the company earned $1.75 earnings per share. The company's quarterly revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts expect that Aptiv PLC will post 8.28 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on APTV shares. UBS Group lowered their price target on shares of Aptiv from $97.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 2nd. TD Cowen lowered their price target on shares of Aptiv from $93.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 15th. Wall Street Zen downgraded shares of Aptiv from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 7th. Oppenheimer lowered their price target on shares of Aptiv from $106.00 to $84.00 and set an "outperform" rating for the company in a report on Monday, April 13th. Finally, HSBC decreased their target price on shares of Aptiv from $81.32 to $75.00 and set a "buy" rating on the stock in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $89.37.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv's customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.

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