Picton Mahoney Asset Management Buys New Position in Aptiv PLC (NYSE:APTV)

Picton Mahoney Asset Management bought a new stake in shares of Aptiv PLC (NYSE:APTV) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 600 shares of the auto parts company’s stock, valued at approximately $37,000.

Several other hedge funds also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Aptiv in the fourth quarter worth $6,597,000. HighTower Advisors LLC boosted its position in Aptiv by 4.1% in the fourth quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company’s stock worth $887,000 after purchasing an additional 577 shares during the last quarter. Marathon Trading Investment Management LLC purchased a new position in Aptiv in the fourth quarter worth $1,289,000. Personal CFO Solutions LLC purchased a new position in Aptiv in the fourth quarter worth $677,000. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in Aptiv in the fourth quarter worth $204,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of NYSE APTV opened at $63.28 on Monday. The firm has a market capitalization of $14.52 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.62 and a beta of 1.78. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock’s 50-day simple moving average is $63.64 and its two-hundred day simple moving average is $63.43. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analyst Ratings Changes

APTV has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Friday, February 7th. Argus raised Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and boosted their target price for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Royal Bank of Canada boosted their target price on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Guggenheim restated a “buy” rating and issued a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.50.

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.34% of the company’s stock.

About Aptiv

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.