Banque Pictet & Cie SA Increases Stock Holdings in Aptiv PLC (NYSE:APTV)

Banque Pictet & Cie SA raised its stake in Aptiv PLC (NYSE:APTV) by 91.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 115,925 shares of the auto parts company’s stock after purchasing an additional 55,400 shares during the quarter. Banque Pictet & Cie SA’s holdings in Aptiv were worth $7,011,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of APTV. Brown Brothers Harriman & Co. boosted its stake in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Aptiv in the third quarter valued at approximately $43,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv in the third quarter valued at approximately $43,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in shares of Aptiv by 100.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company’s stock valued at $50,000 after buying an additional 351 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Performance

Aptiv stock opened at $67.06 on Friday. The firm has a market capitalization of $15.39 billion, a P/E ratio of 9.75, a PEG ratio of 0.54 and a beta of 1.74. The stock has a fifty day moving average price of $60.94 and a 200 day moving average price of $64.12. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Equities research analysts anticipate that Aptiv PLC will post 7.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on APTV shares. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company lifted their price target on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Friday, February 7th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $53.00 to $65.00 in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.61.

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.