Headlands Technologies LLC Purchases New Position in Aptiv PLC (NYSE:APTV)

Headlands Technologies LLC acquired a new stake in Aptiv PLC (NYSE:APTV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,154 shares of the auto parts company’s stock, valued at approximately $462,000.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Aptiv by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after purchasing an additional 1,265,774 shares during the period. Impax Asset Management Group plc increased its holdings in shares of Aptiv by 7.1% in the 4th quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock valued at $651,978,000 after acquiring an additional 483,157 shares during the period. American Century Companies Inc. increased its holdings in shares of Aptiv by 1.1% in the 3rd quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock valued at $496,706,000 after acquiring an additional 53,288 shares during the period. Morgan Stanley increased its holdings in shares of Aptiv by 6.0% in the 3rd quarter. Morgan Stanley now owns 3,302,280 shares of the auto parts company’s stock valued at $325,572,000 after acquiring an additional 187,046 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of Aptiv by 0.4% in the 3rd quarter. Lazard Asset Management LLC now owns 3,017,928 shares of the auto parts company’s stock worth $297,536,000 after purchasing an additional 12,435 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Price Performance

Shares of Aptiv stock traded up $1.08 on Friday, hitting $71.21. 2,108,159 shares of the company were exchanged, compared to its average volume of 1,940,257. The stock has a market capitalization of $19.42 billion, a price-to-earnings ratio of 6.87, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90. The company has a 50-day moving average price of $76.48 and a 200 day moving average price of $81.51. Aptiv PLC has a 1-year low of $68.84 and a 1-year high of $113.60. 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 issued its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.95 billion. As a group, sell-side analysts predict that Aptiv PLC will post 5.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Analysts Set New Price Targets

APTV has been the subject of a number of recent analyst reports. Morgan Stanley cut Aptiv from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $90.00 to $74.00 in a research report on Wednesday, February 7th. Oppenheimer lowered their price target on Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. UBS Group lifted their price target on Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Barclays lowered their price target on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Finally, Wells Fargo & Company lowered their price target on Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.93.

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.