Quadrature Capital Ltd Makes New $5.44 Million Investment in Aptiv PLC (NYSE:APTV)

Quadrature Capital Ltd bought a new stake in Aptiv PLC (NYSE:APTV) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 68,329 shares of the auto parts company’s stock, valued at approximately $5,440,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Aptiv by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock valued at $2,843,905,000 after buying an additional 325,550 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Aptiv by 17.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock worth $854,210,000 after purchasing an additional 1,405,569 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in 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 purchasing an additional 483,157 shares in the last quarter. Capital World Investors acquired a new position in Aptiv during the 1st quarter worth approximately $343,760,000. Finally, Clearbridge Investments LLC raised its stake in shares of Aptiv by 3.1% during the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock worth $343,728,000 after buying an additional 131,431 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insiders Place Their Bets

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the stock in a transaction 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 owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.

Aptiv Price Performance

Shares of APTV traded up $0.91 during trading hours on Friday, reaching $68.74. 2,032,880 shares of the company traded hands, compared to its average volume of 2,876,458. The stock has a market capitalization of $18.70 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79. The stock has a fifty day simple moving average of $74.57 and a 200 day simple moving average of $77.26. Aptiv PLC has a fifty-two week low of $65.13 and a fifty-two week high of $113.14. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. The company had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.91 EPS. As a group, research analysts predict that Aptiv PLC will post 5.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Citigroup dropped their price objective on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Piper Sandler cut shares of Aptiv from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $78.00 to $63.00 in a research note on Wednesday, June 26th. Wells Fargo & Company reduced their price objective on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Evercore ISI lowered their target price on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. Finally, StockNews.com cut Aptiv from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $98.71.

Aptiv 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.