Hsbc Holdings PLC Increases Stock Holdings in Aptiv PLC $APTV

Hsbc Holdings PLC raised its position in shares of Aptiv PLC (NYSE:APTV) by 74.1% in the first quarter, HoldingsChannel reports. The firm owned 427,952 shares of the auto parts company’s stock after buying an additional 182,098 shares during the quarter. Hsbc Holdings PLC’s holdings in Aptiv were worth $29,717,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake in shares of Aptiv by 240.0% in 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 during the period. Geneos Wealth Management Inc. grew its position in Aptiv by 452.3% during the first 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 during the period. Atlas Capital Advisors Inc. purchased a new stake in Aptiv during the fourth quarter valued at approximately $33,000. DV Equities LLC purchased a new stake in Aptiv during the fourth quarter valued at approximately $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in 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 acquiring an additional 180 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were 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 of the company’s stock, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Aptiv from $77.00 to $73.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen cut Aptiv from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Zacks Research upgraded Aptiv from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Fox Advisors lowered their target price on Aptiv from $110.00 to $70.00 in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. cut their price target on Aptiv from $84.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, July 10th. Twenty-two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average price target of $82.50.

Aptiv Price Performance

Shares of NYSE:APTV opened at $57.81 on Wednesday. The company has a market capitalization of $12.23 billion, a P/E ratio of 34.21, a P/E/G ratio of 1.07 and a beta of 1.46. Aptiv PLC has a 1-year low of $51.68 and a 1-year high of $88.93. The firm’s 50 day simple moving average is $61.70 and its two-hundred day simple moving average is $68.18. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. The firm 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 company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.69 earnings per share. Research analysts expect that Aptiv PLC will post 5.93 EPS for the current fiscal year.

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.