International Assets Investment Management LLC Invests $13.12 Million in Aptiv PLC (NYSE:APTV)

International Assets Investment Management LLC bought a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,624 shares of the auto parts company's stock, valued at approximately $13,120,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. grew its holdings in Aptiv by 176.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company's stock worth $25,000 after acquiring an additional 176 shares during the last quarter. FWL Investment Management LLC bought a new stake in shares of Aptiv in the 4th quarter valued at $30,000. KB Financial Partners LLC bought a new stake in shares of Aptiv in the 1st quarter valued at $56,000. Farther Finance Advisors LLC boosted its stake in shares of Aptiv by 49.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 518 shares of the auto parts company's stock valued at $53,000 after purchasing an additional 172 shares during the last quarter. Finally, BluePath Capital Management LLC bought a new stake in shares of Aptiv in the 3rd quarter valued at $55,000. 94.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays reduced their price objective on shares of Aptiv from $112.00 to $110.00 and set an "overweight" rating on the stock in a research note on Thursday. Royal Bank of Canada reduced their price objective on shares of Aptiv from $115.00 to $104.00 and set an "outperform" rating on the stock in a research note on Thursday, February 1st. Morgan Stanley downgraded shares of Aptiv from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $90.00 to $74.00 in a research report on Wednesday, February 7th. Citigroup dropped their target price on shares of Aptiv from $150.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. Finally, Robert W. Baird downgraded shares of Aptiv from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $105.00 to $96.00 in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $111.14.

Aptiv Stock Down 2.1 %

APTV traded down $1.58 during trading on Friday, hitting $74.19. 1,745,687 shares of the company's stock were exchanged, compared to its average volume of 2,115,098. The business's 50 day moving average is $78.59 and its two-hundred day moving average is $83.22. The stock has a market cap of $20.23 billion, a P/E ratio of 7.16, a PEG ratio of 0.98 and a beta of 1.90. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. Aptiv PLC has a fifty-two week low of $71.01 and a fifty-two week high of $113.60.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. As a group, equities analysts expect that Aptiv PLC will post 5.66 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the sale, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

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.