Medina Value Partners LLC bought a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 249,664 shares of the auto parts company's stock, valued at approximately $15,100,000. Aptiv comprises approximately 6.2% of Medina Value Partners LLC's holdings, making the stock its 10th largest position. Medina Value Partners LLC owned 0.11% of Aptiv as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Picton Mahoney Asset Management bought a new position in shares of Aptiv during the fourth quarter worth approximately $37,000. CENTRAL TRUST Co boosted its position in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after acquiring an additional 677 shares during the period. Hazlett Burt & Watson Inc. grew its stake in shares of Aptiv by 163.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock valued at $110,000 after acquiring an additional 1,145 shares in the last quarter. Covestor Ltd increased its position in Aptiv by 11.4% during the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after acquiring an additional 186 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in Aptiv by 93.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company's stock valued at $115,000 after purchasing an additional 918 shares during the period. 94.21% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
APTV has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on Aptiv from $65.00 to $67.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. StockNews.com started coverage on shares of Aptiv in a research note on Saturday, April 12th. They issued a "hold" rating on the stock. Robert W. Baird decreased their price target on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research note on Tuesday. Royal Bank of Canada raised their price objective on Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company increased their target price on shares of Aptiv from $76.00 to $86.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $82.44.
View Our Latest Stock Analysis on Aptiv
Aptiv Trading Up 2.0 %
APTV stock traded up $1.04 during mid-day trading on Friday, reaching $51.75. The company's stock had a trading volume of 2,759,220 shares, compared to its average volume of 3,542,385. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 7.52, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $85.56. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The business's 50 day moving average price is $60.70 and its 200 day moving average price is $61.02.
Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, equities research analysts predict that Aptiv PLC will post 7.2 EPS for the current year.
Insider Buying and Selling at Aptiv
In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.45% of the company's stock.
Aptiv Profile
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Free Report)
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.
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