Aptiv PLC (NYSE:APTV) Shares Bought by Washington Capital Management Inc.

Washington Capital Management Inc. grew its position in Aptiv PLC (NYSE:APTV) by 139.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,275 shares of the auto parts company’s stock after acquiring an additional 7,725 shares during the quarter. Washington Capital Management Inc.’s holdings in Aptiv were worth $790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in APTV. Norges Bank bought a new stake in shares of Aptiv in the 4th quarter valued at approximately $106,492,000. Pictet Asset Management Holding SA increased its holdings in shares of Aptiv by 1,018.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock valued at $102,262,000 after acquiring an additional 1,539,724 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Aptiv by 11.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock valued at $864,206,000 after acquiring an additional 1,517,104 shares during the last quarter. Franklin Resources Inc. grew its stake in Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after buying an additional 1,408,433 shares during the last quarter. Finally, Paloma Partners Management Co grew its stake in Aptiv by 968.7% during the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company’s stock worth $55,007,000 after buying an additional 824,400 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on APTV shares. Evercore ISI lowered their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Argus upgraded Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. UBS Group upped their price objective on Aptiv from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. TD Cowen started coverage on Aptiv in a research note on Friday, March 7th. They set a “buy” rating and a $90.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on Aptiv from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

Aptiv Trading Up 1.8%

NYSE:APTV opened at $66.69 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 0.62 and a beta of 1.47. The business has a fifty day moving average of $59.58 and a 200-day moving average of $60.83. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $81.42.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. The business had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Equities analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

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.