Mediolanum International Funds Ltd Has $11.56 Million Stake in Aptiv PLC $APTV

Mediolanum International Funds Ltd grew its stake in shares of Aptiv PLC (NYSE:APTV) by 9.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 173,504 shares of the auto parts company’s stock after purchasing an additional 14,998 shares during the period. Mediolanum International Funds Ltd owned about 0.08% of Aptiv worth $11,562,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC boosted its position 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 buying an additional 252 shares during the last quarter. Geneos Wealth Management Inc. raised its position 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 buying an additional 398 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in Aptiv during the 4th quarter valued at $33,000. DV Equities LLC purchased a new position in Aptiv during the 4th quarter worth $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in 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 acquiring an additional 180 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on APTV. Weiss Ratings downgraded shares of Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, July 1st. The Goldman Sachs Group boosted their price target on shares of Aptiv from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Evercore reduced their price objective on shares of Aptiv from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. HSBC decreased their price objective on shares of Aptiv from $81.32 to $75.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Finally, President Capital started coverage on Aptiv in a research note on Wednesday, March 25th. They issued a “buy” rating and a $82.50 target price on the stock. Twenty-two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.50.

Insider Buying and Selling at Aptiv

In other 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 value of $156,600.00. Following the sale, the executive vice president owned 163,752 shares of the company’s stock, 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 document filed with the SEC, which is available at the SEC website. 0.06% of the stock is owned by insiders.

Aptiv Stock Up 0.1%

APTV stock opened at $57.51 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 1.07 and a beta of 1.46. Aptiv PLC has a fifty-two week low of $51.68 and a fifty-two week high of $88.93. The stock has a fifty day moving average of $61.60 and a 200-day moving average of $68.44.

Aptiv (NYSE:APTV) last announced its quarterly earnings data 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 company had revenue of $5.09 billion during 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 quarter last year, the firm posted $1.69 EPS. As a group, equities research analysts predict that Aptiv PLC will post 5.93 earnings per share for the current year.

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.