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

J. Safra Sarasin Holding AG increased its stake in shares of Aptiv PLC (NYSE:APTV) by 232.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,710 shares of the auto parts company’s stock after acquiring an additional 10,979 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Aptiv were worth $1,355,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC lifted its holdings in shares of Aptiv by 83.8% in the 2nd quarter. True Wealth Design LLC now owns 397 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after buying an additional 398 shares during the period. Root Financial Partners LLC purchased a new stake in Aptiv in the third quarter valued at approximately $31,000. Allworth Financial LP boosted its holdings in shares of Aptiv by 175.9% in the second quarter. Allworth Financial LP now owns 560 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 357 shares during the period. Finally, Cromwell Holdings LLC grew its position in shares of Aptiv by 4,035.7% during the second quarter. Cromwell Holdings LLC now owns 579 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 565 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of APTV opened at $77.88 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average is $78.41 and its two-hundred day moving average is $78.64. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $88.93. The firm has a market capitalization of $16.83 billion, a PE ratio of 61.81, a P/E/G ratio of 0.95 and a beta of 1.50.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.81 by $0.36. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same period last year, the firm earned $1.83 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Transactions at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $85.00, for a total value of $425,000.00. Following the completion of the sale, the executive vice president owned 116,959 shares of the company’s stock, valued at approximately $9,941,515. This trade represents a 4.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on APTV. US Capital Advisors set a $110.00 price target on shares of Aptiv in a research report on Tuesday, January 13th. Wall Street Zen raised shares of Aptiv from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 3rd. JPMorgan Chase & Co. raised their price target on Aptiv from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Aptiv in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Aptiv from $104.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $99.48.

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.