Jupiter Asset Management Ltd. Increases Position in Aptiv PLC (NYSE:APTV)

Jupiter Asset Management Ltd. grew its stake in shares of Aptiv PLC (NYSE:APTV) by 0.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 213,569 shares of the auto parts company’s stock after acquiring an additional 167 shares during the period. Jupiter Asset Management Ltd.’s holdings in Aptiv were worth $17,011,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of APTV. Chesley Taft & Associates LLC raised its stake in shares of Aptiv by 30.7% during the fourth quarter. Chesley Taft & Associates LLC now owns 35,493 shares of the auto parts company’s stock valued at $3,184,000 after acquiring an additional 8,335 shares in the last quarter. OneAscent Financial Services LLC lifted its holdings in Aptiv by 30.3% during the fourth quarter. OneAscent Financial Services LLC now owns 3,333 shares of the auto parts company’s stock worth $299,000 after buying an additional 775 shares during the period. Advisor Resource Council purchased a new stake in Aptiv during the fourth quarter worth $221,000. CX Institutional lifted its holdings in Aptiv by 29.2% during the fourth quarter. CX Institutional now owns 2,874 shares of the auto parts company’s stock worth $258,000 after buying an additional 650 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Aptiv by 2,330.6% during the fourth quarter. SG Americas Securities LLC now owns 480,998 shares of the auto parts company’s stock worth $43,155,000 after buying an additional 461,209 shares during the period. Institutional investors own 94.21% of the company’s stock.

Insider Transactions at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the sale, the director now directly owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on APTV shares. JPMorgan Chase & Co. upped their target price on Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Guggenheim increased their price objective on Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. StockNews.com lowered Aptiv from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Oppenheimer reiterated an “outperform” rating and set a $145.00 price objective on shares of Aptiv in a report on Tuesday, July 9th. Finally, Piper Sandler lowered Aptiv from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $78.00 to $63.00 in a report on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.92.

Aptiv Price Performance

Aptiv stock traded down $2.81 during midday trading on Friday, reaching $68.87. The company had a trading volume of 5,526,582 shares, compared to its average volume of 3,579,039. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. The firm’s fifty day simple moving average is $75.96 and its 200-day simple moving average is $77.80. Aptiv PLC has a 12-month low of $65.13 and a 12-month high of $113.14. The company has a market capitalization of $18.74 billion, a P/E ratio of 6.49, a P/E/G ratio of 0.66 and a beta of 1.79.

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

About Aptiv

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.