Pictet Asset Management Holding SA Boosts Position in Aptiv PLC (NYSE:APTV)

Pictet Asset Management Holding SA lifted its position in Aptiv PLC (NYSE:APTV) by 1,018.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,690,845 shares of the auto parts company’s stock after buying an additional 1,539,724 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.72% of Aptiv worth $102,262,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Aptiv by 1,390.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after purchasing an additional 5,002,090 shares during the period. Harris Associates L P purchased a new stake in shares of Aptiv in the third quarter worth $162,640,000. Point72 Asset Management L.P. bought a new stake in Aptiv during the third quarter valued at $143,909,000. Norges Bank purchased a new position in Aptiv during the fourth quarter worth about $106,492,000. Finally, FMR LLC increased its stake in Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after acquiring an additional 1,294,670 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred 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 sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.45% of the stock is currently owned by insiders.

Aptiv Price Performance

Shares of Aptiv stock opened at $60.58 on Friday. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 8.80, a PEG 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. The stock’s 50-day simple moving average is $64.05 and its 200-day simple moving average is $63.02. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56.

Aptiv (NYSE:APTV) last posted 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 return on equity of 15.63% and a net margin of 9.07%. As a group, analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on APTV. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. Oppenheimer boosted their target price on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. StockNews.com initiated coverage on shares of Aptiv in a research note on Thursday. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Friday, February 7th. Finally, Raymond James reiterated a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. One 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 assigned a strong buy rating to the company. According to MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.61.

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.