Allstate Corp acquired a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,816 shares of the auto parts company's stock, valued at approximately $473,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Picton Mahoney Asset Management bought a new stake in Aptiv during the 4th quarter worth approximately $37,000. CENTRAL TRUST Co increased its stake in Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock worth $52,000 after buying an additional 677 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in Aptiv by 93.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company's stock valued at $115,000 after acquiring an additional 918 shares during the period. World Investment Advisors LLC bought a new stake in Aptiv during the third quarter valued at about $212,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Aptiv in the 3rd quarter worth approximately $234,000. 94.21% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on APTV. Raymond James reiterated a "market perform" rating on shares of Aptiv in a research report on Monday, February 3rd. Robert W. Baird upgraded Aptiv from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. Barclays boosted their price objective on shares of Aptiv from $75.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Argus upgraded shares of Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, StockNews.com started coverage on shares of Aptiv in a research report on Friday. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $86.61.
Check Out Our Latest Stock Report on APTV
Insider Activity at Aptiv
In related news, SVP Benjamin Lyon sold 14,568 shares of the firm'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 sale, the senior vice president now owns 125,237 shares of the company's stock, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is currently owned by corporate insiders.
Aptiv Stock Down 4.2 %
Shares of Aptiv stock traded down $2.32 during trading on Friday, hitting $53.07. 5,973,052 shares of the stock traded hands, compared to its average volume of 3,451,946. 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 stock's fifty day simple moving average is $63.55 and its 200 day simple moving average is $62.59. The firm has a market cap of $12.18 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 52-week low of $50.10 and a 52-week high of $85.56.
Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating 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%. On average, equities analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.
About Aptiv
(
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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