Amica Mutual Insurance Co. Boosts Holdings in Aptiv PLC (NYSE:APTV)

Amica Mutual Insurance Co. boosted its position in shares of Aptiv PLC (NYSE:APTV) by 58.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 52,685 shares of the auto parts company’s stock after purchasing an additional 19,532 shares during the period. Amica Mutual Insurance Co.’s holdings in Aptiv were worth $4,727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of APTV. Turtle Creek Wealth Advisors LLC bought a new position in shares of Aptiv during the fourth quarter valued at $29,000. GAMMA Investing LLC bought a new position in Aptiv during the 4th quarter valued at about $32,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Aptiv during the 4th quarter valued at about $47,000. BluePath Capital Management LLC bought a new stake in shares of Aptiv in the third quarter worth approximately $55,000. Finally, TFC Financial Management Inc. raised its holdings 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 valued at $61,000 after purchasing an additional 189 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Oppenheimer dropped their target price on shares of Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Citigroup cut their price objective on Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Royal Bank of Canada reduced their price objective on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Wells Fargo & Company dropped their target price on Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Finally, Morgan Stanley lowered shares of Aptiv from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $90.00 to $74.00 in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.93.

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 18,680 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.34% of the company’s stock.

Aptiv Stock Performance

NYSE APTV traded up $1.21 on Monday, reaching $72.42. 2,841,563 shares of the stock were exchanged, compared to its average volume of 2,632,922. The firm has a market capitalization of $19.75 billion, a PE ratio of 6.99, a PEG ratio of 0.91 and a beta of 1.90. Aptiv PLC has a one year low of $68.84 and a one year high of $113.60. The company’s 50-day simple moving average is $76.35 and its two-hundred day simple moving average is $81.09. 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 announced its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. Analysts expect that Aptiv PLC will post 5.63 EPS for the current fiscal year.

About Aptiv

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.