Bearing Point Capital LLC Makes New Investment in Aptiv PLC (NYSE:APTV)

Bearing Point Capital LLC acquired a new position in Aptiv PLC (NYSE:APTV) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 46,656 shares of the auto parts company’s stock, valued at approximately $2,822,000.

Several other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management purchased a new position in Aptiv in the 4th quarter worth about $37,000. CENTRAL TRUST Co increased its position in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after acquiring an additional 677 shares in the last quarter. GeoWealth Management LLC raised its holdings in shares of Aptiv by 203.2% during the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock valued at $92,000 after acquiring an additional 1,022 shares during the period. Quarry LP acquired a new position in Aptiv in the 4th quarter worth approximately $105,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in Aptiv by 163.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 1,145 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of APTV stock opened at $58.99 on Friday. The stock’s fifty day simple moving average is $58.45 and its 200 day simple moving average is $59.98. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv PLC has a one year low of $47.19 and a one year high of $85.56. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 0.62 and a beta of 1.64.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the company earned $1.16 EPS. Aptiv’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were 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. The trade was a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Argus upgraded shares of Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. UBS Group increased their price objective on Aptiv from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Finally, HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.50.

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.