Lombard Odier Asset Management Europe Ltd Buys Shares of 143,508 Aptiv PLC $APTV

Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Aptiv PLC (NYSE:APTV) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 143,508 shares of the auto parts company’s stock, valued at approximately $9,965,000.

A number of other institutional investors also recently made changes to their positions in APTV. Larson Financial Group LLC boosted its stake in shares of Aptiv by 240.0% during the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 252 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in Aptiv in the 4th quarter valued at about $33,000. DV Equities LLC purchased a new position in Aptiv in the 4th quarter valued at about $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Aptiv by 60.0% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 180 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Performance

Aptiv stock opened at $56.51 on Monday. The company has a market cap of $11.96 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 1.05 and a beta of 1.46. Aptiv PLC has a 12 month low of $51.68 and a 12 month high of $88.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. The stock’s 50-day moving average is $62.12 and its 200-day moving average is $66.76.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. The business had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.69 EPS. Equities analysts anticipate that Aptiv PLC will post 5.93 earnings per share for the current year.

Insiders Place Their Bets

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the sale, the executive vice president directly owned 163,752 shares in the company, valued at $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Oppenheimer lowered their target price on shares of Aptiv from $106.00 to $84.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Fox Advisors reduced their price target on Aptiv from $110.00 to $70.00 in a research note on Friday, May 8th. Royal Bank Of Canada raised their price objective on Aptiv from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Finally, Morgan Stanley raised Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price objective for the company in a research report on Friday, May 8th. Twenty-two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $82.50.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.