Aptiv PLC $APTV Stake Lifted by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lifted its stake in shares of Aptiv PLC (NYSE:APTV) by 347.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,727 shares of the auto parts company’s stock after acquiring an additional 12,212 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Aptiv were worth $1,091,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Saranac Partners Ltd acquired a new stake in shares of Aptiv in the third quarter valued at $25,000. Larson Financial Group LLC raised its position in Aptiv by 240.0% in the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 252 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 398 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in Aptiv in the 4th quarter valued at about $33,000. Finally, DV Equities LLC acquired a new stake in Aptiv during the fourth quarter valued at approximately $33,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Performance

Shares of APTV opened at $58.09 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. Aptiv PLC has a 52 week low of $51.68 and a 52 week high of $88.93. The company’s 50 day moving average price is $61.53 and its 200 day moving average price is $68.83. The company has a market capitalization of $12.29 billion, a PE ratio of 34.37, a PEG ratio of 1.10 and a beta of 1.46.

Aptiv (NYSE:APTV) last released 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. The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.69 earnings per share. Research analysts expect that Aptiv PLC will post 5.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on APTV. JPMorgan Chase & Co. decreased their price target on shares of Aptiv from $84.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, July 10th. TD Cowen reaffirmed a “buy” rating on shares of Aptiv in a research report on Friday, June 12th. Barclays reduced their target price on Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Piper Sandler decreased their price target on Aptiv from $106.00 to $94.00 and set an “overweight” rating for the company in a research report on Monday, June 8th. Finally, UBS Group cut their price objective on Aptiv from $97.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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 on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the transaction, the executive vice president owned 163,752 shares in the company, valued at approximately $12,821,781.60. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by company insiders.

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.