O Shaughnessy Asset Management LLC Increases Holdings in Aptiv PLC $APTV

O Shaughnessy Asset Management LLC lifted its position in Aptiv PLC (NYSE:APTV) by 126.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 222,806 shares of the auto parts company’s stock after purchasing an additional 124,426 shares during the period. O Shaughnessy Asset Management LLC owned 0.10% of Aptiv worth $16,953,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Saranac Partners Ltd purchased a new stake in shares of Aptiv in the third quarter valued at approximately $25,000. Larson Financial Group LLC increased its stake in shares of Aptiv by 240.0% during the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after buying an additional 252 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after buying an additional 398 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Aptiv during the third quarter valued at $30,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Aptiv during the second quarter valued at $44,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

APTV opened at $68.47 on Wednesday. The business’s 50-day moving average is $60.79 and its two-hundred day moving average is $71.46. Aptiv PLC has a 1 year low of $51.68 and a 1 year high of $88.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. The firm has a market capitalization of $14.49 billion, a PE ratio of 40.52, a price-to-earnings-growth ratio of 1.15 and a beta of 1.45.

Aptiv (NYSE:APTV) last posted its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the previous year, the firm earned $1.69 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts anticipate that Aptiv PLC will post 6.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on APTV. Morgan Stanley upgraded Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price target on the stock in a research note on Friday, May 8th. Bank of America began coverage on Aptiv in a research note on Wednesday, March 4th. They set a “buy” rating on the stock. HSBC cut their price target on Aptiv from $81.32 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Zacks Research lowered Aptiv from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company raised their price target on Aptiv from $81.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.33.

Insider Transactions at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the transaction, the executive vice president owned 163,752 shares in the company, valued at $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by company insiders.

Aptiv Company Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.