Mizuho Securities Co. Ltd. Purchases Shares of 2,460 Aptiv PLC (NYSE:APTV)

Mizuho Securities Co. Ltd. purchased a new stake in shares of Aptiv PLC (NYSE:APTV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,460 shares of the auto parts company’s stock, valued at approximately $221,000. Aptiv accounts for approximately 0.8% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 26th largest position.

Other hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Aptiv in the fourth quarter valued at about $29,000. GAMMA Investing LLC purchased a new position in shares of Aptiv in the fourth quarter valued at about $32,000. BluePath Capital Management LLC purchased a new position in shares of Aptiv in the third quarter valued at about $55,000. TFC Financial Management Inc. lifted its position in shares of Aptiv by 44.5% in the third quarter. TFC Financial Management Inc. now owns 614 shares of the auto parts company’s stock valued at $61,000 after acquiring an additional 189 shares in the last quarter. Finally, Huntington National Bank lifted its position in shares of Aptiv by 248.9% in the third quarter. Huntington National Bank now owns 642 shares of the auto parts company’s stock valued at $63,000 after acquiring an additional 458 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Insider Activity

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value 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 SEC, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on APTV. Citigroup lowered their price objective on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Barclays decreased their target price on Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. UBS Group boosted their target price on Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Guggenheim decreased their target price on Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. decreased their target price on Aptiv from $110.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.93.

Aptiv Trading Up 0.2 %

Shares of APTV traded up $0.15 during mid-day trading on Tuesday, reaching $70.25. 1,901,961 shares of the company’s stock traded hands, compared to its average volume of 2,659,877. The stock has a market cap of $19.16 billion, a P/E ratio of 6.78, a P/E/G ratio of 0.89 and a beta of 1.90. The stock’s 50-day moving average is $76.97 and its two-hundred day moving average is $81.84. Aptiv PLC has a 12 month low of $68.84 and a 12 month high of $113.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22.

Aptiv (NYSE:APTV) last released its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. Research analysts forecast that Aptiv PLC will post 5.63 earnings per share for the current fiscal year.

Aptiv 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.