Banque Pictet & Cie SA Boosts Stake in Aptiv PLC (NYSE:APTV)

Banque Pictet & Cie SA raised its position in shares of Aptiv PLC (NYSE:APTV) by 91.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 115,925 shares of the auto parts company’s stock after buying an additional 55,400 shares during the quarter. Banque Pictet & Cie SA’s holdings in Aptiv were worth $7,011,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. boosted its position in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares during the period. Wolff Wiese Magana LLC boosted its position in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Aptiv in the third quarter worth about $43,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv in the third quarter worth about $43,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of Aptiv by 100.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company’s stock worth $50,000 after buying an additional 351 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 1.0 %

Shares of Aptiv stock opened at $67.06 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. The business’s 50 day simple moving average is $60.94 and its 200-day simple moving average is $64.12. The stock has a market capitalization of $15.39 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.54 and a beta of 1.74. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Equities research analysts forecast that Aptiv PLC will post 7.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on APTV. Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Friday, February 7th. Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and increased their price target for the company from $75.00 to $82.00 in a report on Monday, January 27th. Evercore ISI reduced their price target on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Argus raised Aptiv to a “strong-buy” rating in a report on Tuesday. Finally, Oppenheimer increased their price target on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.