Quantinno Capital Management LP Has $19.85 Million Stock Position in Aptiv PLC $APTV

Quantinno Capital Management LP boosted its position in shares of Aptiv PLC (NYSE:APTV) by 34.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 285,874 shares of the auto parts company’s stock after buying an additional 73,818 shares during the quarter. Quantinno Capital Management LP’s holdings in Aptiv were worth $19,851,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. 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. 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. Finally, Alliancebernstein L.P. boosted its stake in Aptiv by 9.0% in the second quarter. Alliancebernstein L.P. now owns 3,831,441 shares of the auto parts company’s stock valued at $261,381,000 after acquiring an additional 315,824 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Price Performance

APTV opened at $56.51 on Friday. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. Aptiv PLC has a 12 month low of $51.68 and a 12 month high of $88.93. The company has a fifty day simple moving average of $62.12 and a 200 day simple moving average of $66.90. The stock has a market cap of $11.96 billion, a P/E ratio of 33.44, a P/E/G ratio of 1.05 and a beta of 1.46.

Aptiv (NYSE:APTV) last posted its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.09. The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.69 earnings per share. On average, research analysts expect that Aptiv PLC will post 5.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on APTV shares. HSBC dropped their target price on shares of Aptiv from $81.32 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on Aptiv from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Citigroup dropped their price objective on Aptiv from $92.33 to $77.00 and set a “buy” rating for the company in a report on Monday, May 18th. The Goldman Sachs Group increased their target price on Aptiv from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. reduced their target price on Aptiv from $84.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, July 10th. Twenty-two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.50.

Insider Activity at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction of $156,600.00. Following the sale, the executive vice president owned 163,752 shares of the company’s stock, valued at $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

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.