Mediolanum International Funds Ltd Buys 14,998 Shares of Aptiv PLC $APTV

Mediolanum International Funds Ltd increased its stake in Aptiv PLC (NYSE:APTV) by 9.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 173,504 shares of the auto parts company’s stock after purchasing an additional 14,998 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Aptiv were worth $11,562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APTV. Larson Financial Group LLC lifted its holdings in Aptiv by 240.0% during the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 252 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after buying an additional 398 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Aptiv during the fourth quarter valued at about $33,000. DV Equities LLC bought a new stake in shares of Aptiv during the fourth quarter valued at about $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in shares of Aptiv by 60.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock worth $37,000 after buying an additional 180 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Insider Activity

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 transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.06% of the company’s stock.

Aptiv Price Performance

Shares of Aptiv stock opened at $57.51 on Monday. Aptiv PLC has a 52-week low of $51.68 and a 52-week high of $88.93. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 1.07 and a beta of 1.46. The company has a fifty day moving average of $61.60 and a 200-day moving average of $68.44. 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 (NYSE:APTV) last released its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.62 by $0.09. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.69 EPS. Equities research analysts expect that Aptiv PLC will post 5.93 EPS for the current year.

Wall Street Analysts Forecast Growth

APTV has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Aptiv from $84.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, July 10th. Morgan Stanley upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 target price on the stock in a research note on Friday, May 8th. Piper Sandler cut their price target on shares of Aptiv from $106.00 to $94.00 and set an “overweight” rating for the company in a report on Monday, June 8th. Weiss Ratings lowered shares of Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, July 1st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Aptiv in a report on Friday, June 12th. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

About Aptiv

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.