Aptiv PLC (NYSE:APTV) Shares Bought by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. lifted its holdings in Aptiv PLC (NYSE:APTV) by 38.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,421 shares of the auto parts company’s stock after purchasing an additional 398 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Aptiv were worth $127,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in APTV. Flputnam Investment Management Co. boosted its holdings in shares of Aptiv by 15.3% in the fourth quarter. Flputnam Investment Management Co. now owns 113,922 shares of the auto parts company’s stock worth $10,221,000 after buying an additional 15,096 shares during the period. Bourgeon Capital Management LLC boosted its holdings in shares of Aptiv by 6.6% in the fourth quarter. Bourgeon Capital Management LLC now owns 114,096 shares of the auto parts company’s stock worth $10,237,000 after buying an additional 7,072 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Aptiv by 20.2% in the fourth quarter. Mackenzie Financial Corp now owns 250,440 shares of the auto parts company’s stock worth $22,469,000 after buying an additional 42,116 shares during the period. Cornercap Investment Counsel Inc. boosted its holdings in shares of Aptiv by 40.7% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 25,021 shares of the auto parts company’s stock worth $2,245,000 after buying an additional 7,242 shares during the period. Finally, Strs Ohio boosted its holdings in shares of Aptiv by 46.1% in the fourth quarter. Strs Ohio now owns 395,000 shares of the auto parts company’s stock worth $35,439,000 after buying an additional 124,607 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Citigroup decreased their price target on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Robert W. Baird cut shares of Aptiv from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $105.00 to $96.00 in a report on Wednesday, January 3rd. UBS Group raised their price target on shares of Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Morgan Stanley lowered shares of Aptiv from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $90.00 to $74.00 in a research report on Wednesday, February 7th. Finally, Oppenheimer cut their price objective on shares of Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and an average target price of $110.36.

Aptiv Trading Up 0.4 %

Shares of APTV stock opened at $69.63 on Friday. Aptiv PLC has a 1 year low of $68.84 and a 1 year high of $113.60. The firm’s fifty day simple moving average is $77.42 and its 200 day simple moving average is $82.38. The firm has a market capitalization of $18.99 billion, a P/E ratio of 6.72, a price-to-earnings-growth ratio of 0.90 and a beta of 1.90. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. As a group, sell-side analysts predict that Aptiv PLC will post 5.64 EPS for the current year.

Insider Activity

In related news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares in the company, valued at approximately $7,396,942.59. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.34% of the stock is owned by corporate insiders.

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.