Aptiv PLC $APTV Shares Purchased by Swedbank AB

Swedbank AB boosted its position in Aptiv PLC (NYSE:APTV) by 164.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,281,837 shares of the auto parts company’s stock after acquiring an additional 796,480 shares during the period. Swedbank AB owned about 0.60% of Aptiv worth $89,011,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Aptiv in the fourth quarter valued at $634,961,000. Ameriprise Financial Inc. purchased a new stake in Aptiv in the 3rd quarter valued at about $297,917,000. Balyasny Asset Management L.P. grew its holdings in Aptiv by 6,711.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,434,076 shares of the auto parts company’s stock valued at $97,833,000 after buying an additional 1,413,022 shares during the period. Man Group plc increased its stake in shares of Aptiv by 155.8% during the 3rd quarter. Man Group plc now owns 2,045,025 shares of the auto parts company’s stock valued at $176,322,000 after acquiring an additional 1,245,533 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Aptiv by 34.2% during the 4th quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after acquiring an additional 1,167,946 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on APTV shares. TD Cowen restated a “buy” rating on shares of Aptiv in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Aptiv from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup lowered their price objective on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Morgan Stanley upgraded Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price objective for the company in a report on Friday, May 8th. Finally, BNP Paribas Exane reduced their target price on Aptiv from $107.00 to $83.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Twenty-two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and a consensus target price of $82.50.

Insider Buying and Selling

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 163,752 shares in the company, valued at $12,821,781.60. This represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.06% of the company’s stock.

Aptiv Stock Down 1.5%

Shares of Aptiv stock opened at $58.85 on Wednesday. The company has a fifty day moving average price of $61.46 and a 200 day moving average price of $69.46. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98. Aptiv PLC has a twelve month low of $51.68 and a twelve month high of $88.93. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 1.05 and a beta of 1.46.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the previous year, the firm posted $1.69 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts forecast that Aptiv PLC will post 6.3 earnings per share for the current fiscal year.

Aptiv 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.