J. Safra Sarasin Holding AG Boosts Stock Position in Aptiv PLC $APTV

J. Safra Sarasin Holding AG grew its holdings in shares of Aptiv PLC (NYSE:APTV) by 347.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,727 shares of the auto parts company’s stock after buying an additional 12,212 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Aptiv were worth $1,091,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Saranac Partners Ltd acquired a new position in Aptiv during the 3rd quarter worth $25,000. Larson Financial Group LLC increased its position in shares of Aptiv by 240.0% in the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 252 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of 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 in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Aptiv in the 4th quarter valued at about $33,000. Finally, DV Equities LLC acquired a new stake in Aptiv during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Trading Down 1.9%

NYSE:APTV opened at $58.09 on Wednesday. The firm has a market capitalization of $12.29 billion, a P/E ratio of 34.37, a P/E/G ratio of 1.10 and a beta of 1.46. The business has a 50 day simple moving average of $61.53 and a 200 day simple moving average of $68.83. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. Aptiv PLC has a 12-month low of $51.68 and a 12-month high of $88.93.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.09. The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company earned $1.69 earnings per share. Equities research analysts predict that Aptiv PLC will post 5.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APTV. Fox Advisors reduced their target price on Aptiv from $110.00 to $70.00 in a report on Friday, May 8th. UBS Group dropped their price target on Aptiv from $97.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Wall Street Zen cut Aptiv from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. BNP Paribas Exane lowered their target price on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Finally, HSBC dropped their target price on shares of Aptiv from $81.32 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Twenty-two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.50.

Insider Activity at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at $12,821,781.60. The trade was a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Aptiv Profile

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.