Man Group plc Increases Stock Holdings in Aptiv PLC $APTV

Man Group plc boosted its position in shares of Aptiv PLC (NYSE:APTV) by 5.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,157,000 shares of the auto parts company’s stock after acquiring an additional 111,975 shares during the quarter. Man Group plc owned 1.01% of Aptiv worth $164,126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB boosted its holdings in Aptiv by 34.2% during the 4th quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after acquiring an additional 1,167,946 shares during the period. Thematics Asset Management boosted its holdings in Aptiv by 56.9% during the 3rd quarter. Thematics Asset Management now owns 261,454 shares of the auto parts company’s stock valued at $22,543,000 after acquiring an additional 94,782 shares during the period. Ameriprise Financial Inc. purchased a new position in Aptiv during the 3rd quarter valued at about $297,917,000. Dimensional Fund Advisors LP boosted its holdings in Aptiv by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,545,257 shares of the auto parts company’s stock valued at $219,443,000 after acquiring an additional 65,546 shares during the period. Finally, CSM Advisors LLC purchased a new position in Aptiv during the 3rd quarter valued at about $19,335,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on APTV shares. HSBC lowered their target price on Aptiv from $81.32 to $75.00 and set a “buy” rating for the company in a report on Monday, April 27th. Bank of America began coverage on Aptiv in a research note on Wednesday, March 4th. They issued a “buy” rating for the company. Barclays decreased their price objective on Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Citigroup decreased their price objective on Aptiv from $92.33 to $77.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Robert W. Baird decreased their price objective on Aptiv from $105.00 to $74.00 and set an “outperform” rating for the company in a research note on Thursday, April 2nd. Twenty-two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and an average target price of $82.67.

Aptiv Price Performance

APTV stock opened at $62.85 on Thursday. The business has a 50 day moving average price of $61.12 and a 200 day moving average price of $71.09. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 1.10 and a beta of 1.45. Aptiv PLC has a fifty-two week low of $51.68 and a fifty-two week high of $88.93. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98.

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

Insider Buying and Selling

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction that occurred on 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 of the company’s stock, 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 filing with the SEC, which is available at this hyperlink. 0.06% of the stock is currently 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.