Amica Mutual Insurance Co. Acquires 19,532 Shares of Aptiv PLC (NYSE:APTV)

Amica Mutual Insurance Co. boosted its holdings in Aptiv PLC (NYSE:APTV) by 58.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,685 shares of the auto parts company’s stock after purchasing an additional 19,532 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Aptiv were worth $4,727,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in APTV. Asset Management One Co. Ltd. raised its holdings in shares of Aptiv by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 110,278 shares of the auto parts company’s stock valued at $10,872,000 after purchasing an additional 368 shares during the period. Avestar Capital LLC bought a new position in Aptiv in the third quarter worth approximately $204,000. Sumitomo Life Insurance Co. grew its stake in Aptiv by 24.4% in the third quarter. Sumitomo Life Insurance Co. now owns 27,387 shares of the auto parts company’s stock valued at $2,700,000 after acquiring an additional 5,377 shares during the period. TFC Financial Management Inc. increased 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 acquiring an additional 189 shares in the last quarter. Finally, First Pacific Financial raised its position in shares of Aptiv by 16,900.0% during the third quarter. First Pacific Financial now owns 4,080 shares of the auto parts company’s stock worth $402,000 after purchasing an additional 4,056 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Performance

APTV stock traded up $1.21 during mid-day trading on Monday, hitting $72.42. The company had a trading volume of 2,841,563 shares, compared to its average volume of 2,632,922. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. The firm has a market cap of $19.75 billion, a PE ratio of 6.99, a price-to-earnings-growth ratio of 0.91 and a beta of 1.90. Aptiv PLC has a 12 month low of $68.84 and a 12 month high of $113.60. The stock’s fifty day moving average price is $76.35 and its two-hundred day moving average price is $81.09.

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

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 95,211 shares in the company, valued at approximately $7,396,942.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on APTV. Barclays reduced their price target on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. JPMorgan Chase & Co. lowered their target price on shares of Aptiv from $110.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. Robert W. Baird downgraded Aptiv from an “outperform” rating to a “neutral” rating and cut their price target for the company from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Morgan Stanley lowered Aptiv from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $90.00 to $74.00 in a report on Wednesday, February 7th. Finally, Oppenheimer dropped their target price on Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.93.

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.