Cibc World Markets Corp Purchases 1,991 Shares of Aptiv PLC (NYSE:APTV)

Cibc World Markets Corp increased its position in shares of Aptiv PLC (NYSE:APTV) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,462 shares of the auto parts company’s stock after purchasing an additional 1,991 shares during the quarter. Cibc World Markets Corp’s holdings in Aptiv were worth $2,326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of APTV. Brown Brothers Harriman & Co. lifted its position in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares during the period. Picton Mahoney Asset Management bought a new stake in Aptiv during the fourth quarter worth about $37,000. Brooklyn Investment Group bought a new stake in Aptiv during the third quarter worth about $43,000. CENTRAL TRUST Co lifted its position in Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares during the period. Finally, Transamerica Financial Advisors Inc. bought a new stake in Aptiv during the third quarter worth about $64,000. Institutional investors own 94.21% of the company’s stock.

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now directly 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 at this link. 0.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on APTV. StockNews.com began coverage on shares of Aptiv in a report on Wednesday. They issued a “hold” rating for the company. Wells Fargo & Company increased their target price on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Barclays increased their target price on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Finally, Argus upgraded shares of Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and an average price target of $86.61.

Aptiv Stock Performance

NYSE:APTV opened at $62.49 on Friday. The company has a fifty day moving average of $63.76 and a 200-day moving average of $63.30. The firm has a market capitalization of $14.34 billion, a P/E ratio of 9.08, a P/E/G ratio of 0.62 and a beta of 1.78. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, sell-side analysts anticipate that Aptiv PLC will post 7.2 EPS 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.