Catalyst Funds Management Pty Ltd Purchases 12,400 Shares of Aptiv PLC (NYSE:APTV)

Catalyst Funds Management Pty Ltd increased its position in Aptiv PLC (NYSE:APTV) by 387.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,600 shares of the auto parts company’s stock after buying an additional 12,400 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Aptiv were worth $943,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. South Dakota Investment Council boosted its holdings in Aptiv by 32.9% in the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock worth $7,799,000 after buying an additional 31,941 shares during the period. Focus Financial Network Inc. purchased a new stake in Aptiv in the 4th quarter worth $379,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after purchasing an additional 47,215 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Aptiv in the 3rd quarter worth $14,893,000. Finally, Shorepath Capital Management LLC lifted its stake in Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after purchasing an additional 11,835 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of APTV stock opened at $63.28 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The company has a market capitalization of $14.52 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.62 and a beta of 1.78. The company’s 50-day simple moving average is $63.64 and its two-hundred day simple moving average is $63.53. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, equities analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on APTV shares. Raymond James reiterated a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. TD Cowen started coverage on shares of Aptiv in a research note on Friday, March 7th. They issued a “buy” rating and a $90.00 price target on the stock. Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $53.00 to $65.00 in a research note on Thursday, January 23rd. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and upped their target price for the company from $63.00 to $77.00 in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada upped their target price on shares of Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

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.