Aptiv PLC $APTV Shares Sold by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp reduced its holdings in Aptiv PLC (NYSE:APTVFree Report) by 53.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,793 shares of the auto parts company’s stock after selling 16,107 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in Aptiv were worth $1,050,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Saranac Partners Ltd acquired a new stake in shares of Aptiv in the 3rd quarter valued at approximately $25,000. Larson Financial Group LLC lifted its holdings in shares of Aptiv by 240.0% in the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after buying an additional 252 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after buying an additional 398 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Aptiv in the 3rd quarter valued at approximately $30,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Aptiv in the 4th quarter valued at approximately $33,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APTV has been the subject of several recent analyst reports. UBS Group reduced their price target on Aptiv from $97.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Barclays reduced their price objective on Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Weiss Ratings raised Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. BNP Paribas Exane reduced their price objective on Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Finally, Oppenheimer reduced their price objective on Aptiv from $106.00 to $84.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $82.67.

Check Out Our Latest Stock Analysis on Aptiv

Aptiv Stock Performance

Aptiv stock opened at $65.75 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. The stock has a fifty day moving average of $61.07 and a two-hundred day moving average of $71.19. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 1.11 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.

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

Insiders Place Their Bets

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president owned 163,752 shares of the company’s stock, 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 filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.

About Aptiv

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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