Allianz SE Buys Shares of 15,765 Aptiv PLC (NYSE:APTV)

Allianz SE purchased a new stake in shares of Aptiv PLC (NYSE:APTV) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 15,765 shares of the auto parts company’s stock, valued at approximately $948,000.

Several other institutional investors have also recently made changes to their positions in APTV. Picton Mahoney Asset Management purchased a new position in Aptiv during the fourth quarter worth about $37,000. CENTRAL TRUST Co lifted its holdings in shares of Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after acquiring an additional 677 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Aptiv by 93.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 918 shares during the period. World Investment Advisors LLC acquired a new stake in Aptiv in the 3rd quarter valued at approximately $212,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Aptiv in the third quarter valued at approximately $234,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Trading Down 2.7 %

NYSE APTV opened at $60.58 on Monday. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56. The firm has a market cap of $13.90 billion, a PE ratio of 8.80, a P/E/G ratio of 0.62 and a beta of 1.78. The firm’s fifty day moving average is $64.05 and its two-hundred day moving average is $62.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating 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%. Analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Activity 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 approximately $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. TD Cowen initiated coverage on Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 price target for the company. Oppenheimer lifted their target price on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. UBS Group upped their price objective on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. Finally, Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $86.61.

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.