Quantbot Technologies LP Invests $719,000 in Aptiv PLC (NYSE:APTV)

Quantbot Technologies LP bought a new stake in Aptiv PLC (NYSE:APTV) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,887 shares of the auto parts company’s stock, valued at approximately $719,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its stake in Aptiv by 18.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 9,917 shares of the auto parts company’s stock worth $714,000 after acquiring an additional 1,575 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 409 shares during the period. FMR LLC grew its holdings in shares of Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after purchasing an additional 1,294,670 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Aptiv during the 3rd quarter worth approximately $43,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in Aptiv during the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on APTV shares. Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Friday, February 7th. Argus raised Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. Guggenheim reissued a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Oppenheimer raised their target price on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and boosted their price target for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Aptiv Stock Up 2.1 %

Shares of NYSE:APTV opened at $65.82 on Thursday. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The stock has a market cap of $15.10 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.62 and a beta of 1.78. The firm has a fifty day moving average price of $64.04 and a 200 day moving average price of $63.09.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Sell-side analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Insider Buying and Selling at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.45% of the company’s stock.

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.