Diametric Capital LP Buys Shares of 16,070 Aptiv PLC (NYSE:APTV)

Diametric Capital LP acquired a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,070 shares of the auto parts company's stock, valued at approximately $972,000.

Several other large investors have also made changes to their positions in the company. South Dakota Investment Council increased its holdings in Aptiv by 32.9% in the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock valued at $7,799,000 after purchasing an additional 31,941 shares during the last quarter. Focus Financial Network Inc. bought a new stake in Aptiv in the 4th quarter valued at approximately $379,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Aptiv by 73.6% during the third 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 during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Aptiv in the 3rd quarter valued at about $14,893,000. Finally, Shorepath Capital Management LLC grew its holdings in shares of Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company's stock valued at $3,998,000 after acquiring an additional 11,835 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on APTV. Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. Robert W. Baird upgraded shares of Aptiv from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $75.00 to $82.00 in a report on Monday, January 27th. Hsbc Global Res upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Wells Fargo & Company boosted their price objective on shares of Aptiv from $76.00 to $86.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Finally, Barclays raised their target price on shares of Aptiv from $75.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Aptiv has an average rating of "Moderate Buy" and an average price target of $86.61.

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Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is owned by corporate insiders.

Aptiv Price Performance

Shares of NYSE:APTV traded down $2.32 during trading on Friday, reaching $53.07. 4,927,557 shares of the company traded hands, compared to its average volume of 3,441,963. The firm has a market capitalization of $12.18 billion, a PE ratio of 7.71, a PEG ratio of 0.62 and a beta of 1.78. Aptiv PLC has a 52 week low of $50.15 and a 52 week high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company's 50 day moving average is $63.75 and its two-hundred day moving average is $62.80.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

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.