Lombard Odier Asset Management USA Corp Lowers Stock Holdings in Aptiv PLC $APTV

Lombard Odier Asset Management USA Corp lowered its holdings in Aptiv PLC (NYSE:APTV) by 53.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,793 shares of the auto parts company’s stock after selling 16,107 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Aptiv were worth $1,050,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in APTV. NewEdge Advisors LLC grew its position in shares of Aptiv by 502.1% in the first quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock valued at $926,000 after purchasing an additional 12,973 shares during the period. Woodline Partners LP grew its position in shares of Aptiv by 439.2% in the first quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock valued at $4,528,000 after purchasing an additional 61,994 shares during the period. Focus Partners Wealth grew its position in shares of Aptiv by 110.7% in the first quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock valued at $566,000 after purchasing an additional 4,998 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Aptiv by 523.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock valued at $175,000 after purchasing an additional 2,150 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on Aptiv from $81.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Barclays reduced their target price on Aptiv from $77.00 to $73.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their target price on Aptiv from $83.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Robert W. Baird reduced their target price on Aptiv from $105.00 to $74.00 and set an “outperform” rating on the stock in a report on Thursday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Aptiv from $84.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Twenty-two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.67.

Insider Activity at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Aptiv Trading Down 1.3%

Shares of APTV opened at $65.75 on Wednesday. The stock’s 50-day moving average is $61.07 and its two-hundred day moving average is $71.19. The stock has a market cap of $13.91 billion, a PE ratio of 38.91, a P/E/G ratio of 1.11 and a beta of 1.45. Aptiv PLC has a 12 month low of $51.68 and a 12 month 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.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. The company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.69 earnings per share. Equities analysts forecast that Aptiv PLC will post 6.37 earnings per share for the current fiscal year.

About Aptiv

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.