Mizuho Securities USA LLC Raises Position in Aptiv PLC (NYSE:APTV)

Mizuho Securities USA LLC increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 29.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 22,276 shares of the auto parts company’s stock after purchasing an additional 5,043 shares during the period. Mizuho Securities USA LLC’s holdings in Aptiv were worth $1,347,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. grew its stake in shares of 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 acquiring an additional 409 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Aptiv in the 4th quarter worth approximately $37,000. Brooklyn Investment Group purchased a new stake in Aptiv during the 3rd quarter worth approximately $43,000. CENTRAL TRUST Co increased its stake in Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after purchasing an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Aptiv in the third quarter worth $64,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Price Performance

Aptiv stock opened at $64.47 on Wednesday. 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 company’s fifty day moving average price is $63.94 and its 200 day moving average price is $63.07. The stock has a market capitalization of $14.79 billion, a P/E ratio of 9.37, a P/E/G ratio of 0.62 and a beta of 1.78. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping 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, equities research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on APTV. UBS Group upped their target price on Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Piper Sandler increased their price objective on Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $75.00 to $82.00 in a report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Insider Transactions at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the firm’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 transaction, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.

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.