Mizuho Securities Co. Ltd. Takes Position in Aptiv PLC (NYSE:APTV)

Mizuho Securities Co. Ltd. bought a new stake in Aptiv PLC (NYSE:APTV) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,460 shares of the auto parts company’s stock, valued at approximately $221,000. Aptiv comprises approximately 0.8% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 26th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in APTV. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Aptiv during the fourth quarter worth about $29,000. GAMMA Investing LLC acquired a new position in shares of Aptiv during the fourth quarter worth about $32,000. BluePath Capital Management LLC acquired a new position in shares of Aptiv during the third quarter worth about $55,000. TFC Financial Management Inc. increased its stake in shares of Aptiv by 44.5% during the third quarter. TFC Financial Management Inc. now owns 614 shares of the auto parts company’s stock worth $61,000 after acquiring an additional 189 shares during the period. Finally, Huntington National Bank increased its stake in shares of Aptiv by 248.9% during the third quarter. Huntington National Bank now owns 642 shares of the auto parts company’s stock worth $63,000 after acquiring an additional 458 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Price Performance

Shares of APTV stock traded up $0.15 during trading hours on Tuesday, hitting $70.25. The company’s stock had a trading volume of 1,901,961 shares, compared to its average volume of 2,659,877. The business has a fifty day moving average of $76.97 and a 200-day moving average of $81.84. The stock has a market cap of $19.16 billion, a price-to-earnings ratio of 6.78, a P/E/G ratio of 0.89 and a beta of 1.90. Aptiv PLC has a twelve month low of $68.84 and a twelve month high of $113.60. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. As a group, equities research analysts anticipate that Aptiv PLC will post 5.63 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on APTV shares. Royal Bank of Canada dropped their price target on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Piper Sandler dropped their price target on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Morgan Stanley lowered shares of Aptiv from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $90.00 to $74.00 in a research report on Wednesday, February 7th. UBS Group upped their target price on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Finally, Wells Fargo & Company lowered their target price on shares of Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $109.93.

Insider Activity

In related news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.34% of the company’s stock.

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.