Shayne & Jacobs LLC Purchases 28,070 Shares of Aptiv PLC $APTV

Shayne & Jacobs LLC boosted its position in shares of Aptiv PLC (NYSE:APTV) by 105.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,750 shares of the auto parts company’s stock after purchasing an additional 28,070 shares during the quarter. Aptiv comprises 1.2% of Shayne & Jacobs LLC’s holdings, making the stock its 16th biggest position. Shayne & Jacobs LLC’s holdings in Aptiv were worth $3,802,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Aptiv by 4.3% in the 4th quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock valued at $765,976,000 after purchasing an additional 419,375 shares during the last quarter. Norges Bank bought a new stake in shares of Aptiv during the fourth quarter worth approximately $634,961,000. Geode Capital Management LLC lifted its holdings in Aptiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock valued at $441,289,000 after buying an additional 99,876 shares during the period. Nordea Investment Management AB lifted its holdings in Aptiv by 34.2% in the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after buying an additional 1,167,946 shares during the period. Finally, Boston Partners boosted its stake in Aptiv by 29.2% in the third quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock valued at $361,385,000 after acquiring an additional 948,327 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Trading Down 1.8%

Shares of NYSE APTV traded down $1.08 during midday trading on Tuesday, reaching $58.65. 403,314 shares of the stock were exchanged, compared to its average volume of 2,949,229. Aptiv PLC has a 12 month low of $51.68 and a 12 month high of $88.93. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 1.03 and a beta of 1.46. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. The business has a 50-day simple moving average of $61.49 and a two-hundred day simple moving average of $69.71.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. The business had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.69 EPS. As a group, equities research analysts expect that Aptiv PLC will post 6.3 EPS for the current year.

Insider Transactions at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the sale, the executive vice president directly owned 163,752 shares in the company, valued at $12,821,781.60. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on APTV shares. Zacks Research cut shares of Aptiv from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Fox Advisors reduced their price target on Aptiv from $110.00 to $70.00 in a research report on Friday, May 8th. TD Cowen reissued a “buy” rating on shares of Aptiv in a research note on Friday, June 12th. Oppenheimer reduced their target price on Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aptiv in a research report on Tuesday. Twenty-two analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.46.

Aptiv Company Profile

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.