International Assets Investment Management LLC Purchases Shares of 14,624 Aptiv PLC (NYSE:APTV)

International Assets Investment Management LLC acquired a new position in shares of Aptiv PLC (NYSE:APTV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,624 shares of the auto parts company’s stock, valued at approximately $13,120,000.

Other large investors also recently made changes to their positions in the company. Zenyatta Capital Management LP increased its position in Aptiv by 53.8% during the fourth quarter. Zenyatta Capital Management LP now owns 50,000 shares of the auto parts company’s stock worth $4,486,000 after buying an additional 17,500 shares during the last quarter. Tritonpoint Wealth LLC acquired a new position in shares of Aptiv during the 4th quarter worth $1,492,000. New York State Teachers Retirement System raised its holdings in shares of Aptiv by 6.7% during the 4th quarter. New York State Teachers Retirement System now owns 286,492 shares of the auto parts company’s stock worth $25,704,000 after buying an additional 17,889 shares in the last quarter. Park Place Capital Corp boosted its stake in Aptiv by 43.2% in the fourth quarter. Park Place Capital Corp now owns 2,054 shares of the auto parts company’s stock valued at $184,000 after buying an additional 620 shares in the last quarter. Finally, Augustine Asset Management Inc. boosted its stake in shares of Aptiv by 5.4% in the 4th quarter. Augustine Asset Management Inc. now owns 53,620 shares of the auto parts company’s stock valued at $4,811,000 after purchasing an additional 2,747 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of Aptiv stock opened at $80.82 on Monday. The business has a 50-day simple moving average of $76.13 and a 200 day simple moving average of $80.53. Aptiv PLC has a one year low of $68.84 and a one year high of $113.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 1.22. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.97 and a beta of 1.90.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, research analysts anticipate that Aptiv PLC will post 5.99 earnings per share for the current fiscal year.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on APTV. Royal Bank of Canada reduced their price objective on Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Oppenheimer decreased their target price on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday. Barclays reduced their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Wells Fargo & Company decreased their price objective on shares of Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Finally, Piper Sandler dropped their target price on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.85.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.