International Assets Investment Management LLC Makes New Investment in Aptiv PLC (NYSE:APTV)

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

Other hedge funds have also bought and sold shares of the company. BluePath Capital Management LLC bought a new stake in Aptiv during the third quarter worth $55,000. Huntington National Bank lifted its position in shares of Aptiv by 248.9% during the third quarter. Huntington National Bank now owns 642 shares of the auto parts company's stock valued at $63,000 after purchasing an additional 458 shares in the last quarter. NBC Securities Inc. purchased a new position in Aptiv during the third quarter worth about $82,000. iA Global Asset Management Inc. bought a new stake in Aptiv in the 3rd quarter worth about $85,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in Aptiv by 189.2% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 934 shares of the auto parts company's stock valued at $92,000 after buying an additional 611 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays reduced their target price on Aptiv from $112.00 to $110.00 and set an "overweight" rating for the company in a report on Thursday, April 11th. Royal Bank of Canada lowered their target price on Aptiv from $115.00 to $104.00 and set an "outperform" rating on the stock in a research note on Thursday, February 1st. Citigroup decreased their price objective on shares of Aptiv from $150.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, February 1st. Morgan Stanley cut 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 note on Wednesday, February 7th. Finally, Robert W. Baird raised their price target on shares of Aptiv from $86.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.85.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of the company's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the sale, the senior vice president now owns 95,211 shares of the company's stock, valued at approximately $7,396,942.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is currently owned by insiders.

Aptiv Stock Performance

Shares of NYSE APTV traded up $3.58 during midday trading on Monday, hitting $84.40. The company's stock had a trading volume of 4,472,806 shares, compared to its average volume of 2,758,389. The stock has a fifty day moving average price of $76.13 and a 200 day moving average price of $80.53. Aptiv PLC has a one year low of $68.84 and a one year high of $113.60. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $22.96 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 0.97 and a beta of 1.90.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.11. The company had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The company's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. On average, research analysts forecast that Aptiv PLC will post 5.99 EPS for the current fiscal year.

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.