Aptiv PLC $APTV Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in Aptiv PLC (NYSE:APTV) by 117.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 245,854 shares of the auto parts company’s stock after acquiring an additional 132,571 shares during the period. Hsbc Holdings PLC’s holdings in Aptiv were worth $18,770,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in APTV. Westpac Banking Corp lifted its position in Aptiv by 6.6% during the fourth quarter. Westpac Banking Corp now owns 1,905 shares of the auto parts company’s stock valued at $145,000 after purchasing an additional 118 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Aptiv by 3.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,734 shares of the auto parts company’s stock valued at $284,000 after buying an additional 120 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Aptiv by 4.2% during the 4th quarter. Advisors Asset Management Inc. now owns 3,559 shares of the auto parts company’s stock valued at $271,000 after buying an additional 143 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Aptiv by 0.5% in the 4th quarter. Benjamin Edwards Inc. now owns 34,728 shares of the auto parts company’s stock valued at $2,642,000 after buying an additional 156 shares during the period. Finally, Unified Investment Management lifted its holdings in shares of Aptiv by 1.3% in the 4th quarter. Unified Investment Management now owns 12,384 shares of the auto parts company’s stock valued at $942,000 after buying an additional 161 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Down 1.5%

APTV stock opened at $58.85 on Wednesday. The firm has a 50-day simple moving average of $61.46 and a 200-day simple moving average of $69.46. Aptiv PLC has a 52 week low of $51.68 and a 52 week high of $88.93. The stock has a market capitalization of $12.45 billion, a P/E ratio of 34.83, a P/E/G ratio of 1.05 and a beta of 1.46. 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 earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter last year, the business posted $1.69 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts forecast that Aptiv PLC will post 6.3 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the transaction, the executive vice president directly owned 163,752 shares in the company, valued at approximately $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Robert W. Baird dropped 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. The Goldman Sachs Group boosted their price target on Aptiv from $75.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Weiss Ratings cut shares of Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 1st. BNP Paribas Exane cut their target price on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Finally, Citigroup decreased their target price on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Twenty-two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $82.50.

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.