Quantbot Technologies LP Makes New $719,000 Investment in Aptiv PLC (NYSE:APTV)

Quantbot Technologies LP bought a new position in shares of Aptiv PLC (NYSE:APTV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,887 shares of the auto parts company’s stock, valued at approximately $719,000.

Several other hedge funds have also modified their holdings of APTV. Brown Brothers Harriman & Co. raised its position in Aptiv by 1,410.3% in 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 in the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Aptiv in the 4th quarter valued at about $37,000. Brooklyn Investment Group purchased a new position in shares of Aptiv in the 3rd quarter valued at about $43,000. CENTRAL TRUST Co boosted its holdings in Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after buying an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in Aptiv during the third quarter worth about $64,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on APTV shares. Guggenheim reiterated a “buy” rating and set a $73.00 price target on shares of Aptiv in a research report on Thursday, December 5th. Evercore ISI reduced their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Argus raised Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Oppenheimer lifted their price target on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.61.

Aptiv Price Performance

Shares of NYSE APTV opened at $65.82 on Thursday. The business has a 50 day simple moving average of $64.04 and a 200-day simple moving average of $63.09. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56. The company has a market capitalization of $15.10 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

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

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the 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 $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is owned by company 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.