Palouse Capital Management Inc. Buys 5,727 Shares of Aptiv PLC (NYSE:APTV)

Palouse Capital Management Inc. grew its stake in Aptiv PLC (NYSE:APTV) by 51.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,962 shares of the auto parts company’s stock after acquiring an additional 5,727 shares during the period. Palouse Capital Management Inc.’s holdings in Aptiv were worth $1,522,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in APTV. Raymond James Financial Services Advisors Inc. grew its stake in Aptiv by 5.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,839 shares of the auto parts company’s stock worth $1,657,000 after acquiring an additional 732 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Aptiv by 127.8% during the first quarter. Panagora Asset Management Inc. now owns 10,798 shares of the auto parts company’s stock valued at $1,293,000 after purchasing an additional 6,057 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Aptiv by 15.0% during the first quarter. Synovus Financial Corp now owns 3,395 shares of the auto parts company’s stock valued at $406,000 after purchasing an additional 443 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of Aptiv by 25.4% during the first quarter. Cibc World Market Inc. now owns 5,600 shares of the auto parts company’s stock valued at $670,000 after purchasing an additional 1,133 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Aptiv by 32.6% during the first quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company’s stock valued at $268,000 after purchasing an additional 551 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on APTV. JPMorgan Chase & Co. dropped their price objective on shares of Aptiv from $135.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Morgan Stanley downgraded shares of Aptiv from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $90.00 to $74.00 in a research note on Wednesday, February 7th. Robert W. Baird downgraded shares of Aptiv from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $105.00 to $96.00 in a research note on Wednesday, January 3rd. UBS Group raised their target price on shares of Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Finally, Guggenheim lowered their target price on shares of Aptiv from $103.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.36.

Insider Buying and Selling

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

Aptiv Price Performance

Shares of NYSE APTV traded up $0.31 during trading on Friday, hitting $69.63. The company had a trading volume of 1,867,503 shares, compared to its average volume of 2,680,050. The stock has a fifty day simple moving average of $77.42 and a two-hundred day simple moving average of $82.38. Aptiv PLC has a fifty-two week low of $68.84 and a fifty-two week high of $113.60. The firm has a market capitalization of $18.99 billion, a price-to-earnings ratio of 6.72, a price-to-earnings-growth ratio of 0.90 and a beta of 1.90. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. On average, research analysts expect that Aptiv PLC will post 5.64 earnings per share for the current year.

Aptiv 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.