GAMMA Investing LLC Increases Stake in Aptiv PLC (NYSE:APTV)

GAMMA Investing LLC boosted its stake in Aptiv PLC (NYSE:APTV) by 26,568.4% during the first quarter, Holdings Channel.com reports. The firm owned 163,744 shares of the auto parts company’s stock after buying an additional 163,130 shares during the period. GAMMA Investing LLC’s holdings in Aptiv were worth $97,430,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of APTV. Picton Mahoney Asset Management purchased a new position in Aptiv in the 4th quarter worth approximately $37,000. Versant Capital Management Inc increased its stake in Aptiv by 201.7% in the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 470 shares during the period. CENTRAL TRUST Co increased its stake in 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 purchasing an additional 677 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Aptiv by 164.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company’s stock worth $81,000 after purchasing an additional 848 shares during the period. Finally, GeoWealth Management LLC increased its stake in Aptiv by 203.2% in the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock worth $92,000 after purchasing an additional 1,022 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Price Performance

Shares of APTV stock opened at $66.88 on Monday. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 0.62 and a beta of 1.44. The business’s fifty day moving average is $59.12 and its 200 day moving average is $60.42. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $85.35. 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 (NYSE:APTV) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 earnings per share. Research analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business’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 sale, the senior vice president now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on APTV. Robert W. Baird decreased their price target on Aptiv from $84.00 to $65.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Raymond James reissued a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. TD Cowen started coverage on Aptiv in a research note on Friday, March 7th. They set a “buy” rating and a $90.00 target price on the stock. Morgan Stanley reduced their target price on Aptiv from $60.00 to $55.00 and set an “underweight” rating on the stock in a research note on Monday, May 19th. Finally, Royal Bank of Canada boosted their target price on Aptiv from $60.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.50.

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.