Pacer Advisors Inc. Raises Holdings in Aptiv PLC $APTV

Pacer Advisors Inc. increased its stake in shares of Aptiv PLC (NYSE:APTV) by 53.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,213,657 shares of the auto parts company’s stock after purchasing an additional 768,630 shares during the quarter. Pacer Advisors Inc.’s holdings in Aptiv were worth $168,437,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of APTV. Nordea Investment Management AB boosted its holdings in shares of Aptiv by 34.2% during the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after purchasing an additional 1,167,946 shares during the period. Thematics Asset Management raised its position 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 purchasing an additional 94,782 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in Aptiv in the 3rd quarter worth approximately $297,917,000. Dimensional Fund Advisors LP grew its position in shares of Aptiv by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,545,257 shares of the auto parts company’s stock worth $219,443,000 after buying an additional 65,546 shares during the last quarter. Finally, CSM Advisors LLC purchased a new position in shares of Aptiv during the third quarter valued at approximately $19,335,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the transaction, the executive vice president directly owned 163,752 shares in the company, valued at approximately $12,821,781.60. This trade represents 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 accessible through the SEC website. Insiders own 0.06% of the company’s stock.

Aptiv Stock Up 1.5%

Shares of Aptiv stock opened at $63.84 on Friday. 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 company has a 50-day moving average of $61.23 and a 200 day moving average of $70.99. The firm has a market cap of $13.51 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 1.05 and a beta of 1.45. Aptiv PLC has a 1 year low of $51.68 and a 1 year high of $88.93.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on APTV. Piper Sandler dropped their price target on Aptiv from $106.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday, June 8th. President Capital assumed coverage on shares of Aptiv in a research report on Wednesday, March 25th. They issued a “buy” rating and a $82.50 target price for the company. Weiss Ratings upgraded shares of Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Argus lowered their price objective on shares of Aptiv from $99.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Finally, 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. Twenty-two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $82.67.

Aptiv 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.