Sciencast Management LP Purchases Shares of 24,380 Aptiv PLC (NYSE:APTV)

Sciencast Management LP acquired a new stake in Aptiv PLC (NYSE:APTV) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,380 shares of the auto parts company’s stock, valued at approximately $1,942,000. Aptiv accounts for 1.2% of Sciencast Management LP’s portfolio, making the stock its 5th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Aptiv by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock worth $2,843,905,000 after buying an additional 325,550 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Aptiv by 17.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock valued at $854,210,000 after buying an additional 1,405,569 shares during the last quarter. Impax Asset Management Group plc grew its position in shares of Aptiv by 7.1% in the 4th quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock valued at $651,978,000 after acquiring an additional 483,157 shares during the period. American Century Companies Inc. grew its holdings in Aptiv by 1.1% during the third quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock worth $496,706,000 after purchasing an additional 53,288 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Aptiv by 11.6% during the fourth quarter. Victory Capital Management Inc. now owns 3,815,339 shares of the auto parts company’s stock worth $342,312,000 after purchasing an additional 395,414 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the transaction, the director now directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on APTV shares. Guggenheim increased their price objective on Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Robert W. Baird dropped their price objective on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a research note on Friday. The Goldman Sachs Group dropped their target price on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays cut their target price on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Finally, Citigroup decreased their price target on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $98.00.

Aptiv Trading Up 1.4 %

APTV stock traded up $0.97 during midday trading on Friday, hitting $72.72. The company had a trading volume of 3,218,325 shares, compared to its average volume of 2,803,123. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42. Aptiv PLC has a 52 week low of $65.13 and a 52 week high of $113.14. The stock has a market cap of $19.78 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 0.67 and a beta of 1.79. The stock’s 50 day moving average price is $77.13 and its 200 day moving average price is $78.51.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the business posted $0.91 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts expect that Aptiv PLC will post 5.99 earnings per share for the current fiscal year.

Aptiv Company Profile

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.