ACK Asset Management LLC acquired a new position in Aptiv PLC (NYSE:APTV - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 240,000 shares of the auto parts company's stock, valued at approximately $14,515,000. Aptiv accounts for about 1.9% of ACK Asset Management LLC's holdings, making the stock its 18th largest position. ACK Asset Management LLC owned 0.10% of Aptiv as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of APTV. Picton Mahoney Asset Management purchased a new stake in shares of Aptiv in the fourth quarter worth about $37,000. CENTRAL TRUST Co lifted 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 purchasing an additional 677 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in Aptiv by 163.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock valued at $110,000 after purchasing an additional 1,145 shares during the period. SRS Capital Advisors Inc. grew its position in shares of Aptiv by 93.1% during 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 in the last quarter. Finally, Westpac Banking Corp raised its position in shares of Aptiv by 21.9% in the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock worth $115,000 after buying an additional 341 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.
Aptiv Trading Down 2.9 %
Shares of APTV stock traded down $1.42 during mid-day trading on Friday, reaching $48.00. The stock had a trading volume of 4,486,209 shares, compared to its average volume of 3,507,867. 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 50-day moving average price is $61.94 and its two-hundred day moving average price is $61.74. The firm has a market capitalization of $11.01 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $85.56.
Aptiv (NYSE:APTV - Get Free Report) last released its quarterly 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 return on equity of 15.63% and a net margin of 9.07%. Equities analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on APTV. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target for the company in a research report on Friday, February 7th. Evercore ISI lowered their price objective on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Baird R W upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Raymond James restated a "market perform" rating on shares of Aptiv in a research report on Monday, February 3rd. Finally, Hsbc Global Res upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.78.
Check Out Our Latest Stock Analysis on APTV
Insider Activity at Aptiv
In related news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is owned by corporate insiders.
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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