UBS Asset Management Americas Inc. Acquires New Position in Aptiv PLC (NYSE:APTV)

UBS Asset Management Americas Inc. purchased a new stake in Aptiv PLC (NYSE:APTV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,586,075 shares of the auto parts company’s stock, valued at approximately $134,547,000. UBS Asset Management Americas Inc. owned about 0.60% of Aptiv at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD bought a new stake in shares of Aptiv in the 4th quarter valued at about $5,295,000. American National Bank bought a new stake in shares of Aptiv in the 4th quarter valued at about $3,632,000. Augustine Asset Management Inc. bought a new stake in shares of Aptiv in the 4th quarter valued at about $5,854,000. Oakbrook Investments LLC bought a new stake in shares of Aptiv in the 4th quarter valued at about $1,048,000. Finally, Dupont Capital Management Corp bought a new stake in shares of Aptiv in the 4th quarter valued at about $2,841,000. Hedge funds and other institutional investors own 92.23% of the company’s stock.

Several equities research analysts recently commented on the company. BMO Capital Markets cut their target price on Aptiv to $96.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. UBS Group assumed coverage on Aptiv in a research report on Wednesday, December 6th. They set a “neutral” rating on the stock. Robert W. Baird restated a “buy” rating on shares of Aptiv in a research report on Friday, February 2nd. Piper Jaffray Companies set a $105.00 target price on Aptiv and gave the company a “buy” rating in a research report on Friday, December 8th. Finally, Guggenheim restated a “buy” rating and set a $104.00 target price on shares of Aptiv in a research report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Aptiv presently has an average rating of “Buy” and a consensus target price of $97.95.

In related news, Director Frank J. Dellaquila acquired 1,000 shares of the stock in a transaction dated Friday, December 15th. The stock was purchased at an average cost of $83.88 per share, with a total value of $83,880.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank J. Dellaquila acquired 500 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $86.50 per share, with a total value of $43,250.00. The disclosure for this purchase can be found here. 0.31% of the stock is currently owned by corporate insiders.

Shares of Aptiv PLC (APTV) traded down $1.60 during trading hours on Wednesday, reaching $89.30. The company’s stock had a trading volume of 987,049 shares, compared to its average volume of 1,710,000. The company has a market capitalization of $23,740.00, a price-to-earnings ratio of 23.44, a P/E/G ratio of 1.43 and a beta of 1.47. The company has a current ratio of 1.59, a quick ratio of 1.29 and a debt-to-equity ratio of 1.17. Aptiv PLC has a 1-year low of $73.00 and a 1-year high of $96.91.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 1st. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.05). The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.31 billion. Aptiv had a return on equity of 50.01% and a net margin of 8.27%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.83 EPS. equities research analysts expect that Aptiv PLC will post 5.14 earnings per share for the current year.

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Aptiv Company Profile

Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.

Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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