Empowered Funds LLC Purchases 131,714 Shares of Aptiv PLC (NYSE:APTV)

Empowered Funds LLC increased its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 2,056.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,118 shares of the auto parts company's stock after buying an additional 131,714 shares during the period. Empowered Funds LLC owned 0.06% of Aptiv worth $8,353,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Robocap Asset Management Ltd lifted its position in shares of Aptiv by 27.5% during the fourth quarter. Robocap Asset Management Ltd now owns 32,611 shares of the auto parts company's stock worth $1,972,000 after purchasing an additional 7,034 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Aptiv by 6.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 767,430 shares of the auto parts company's stock worth $46,414,000 after purchasing an additional 44,468 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in Aptiv by 5.7% during the 4th quarter. Tectonic Advisors LLC now owns 17,099 shares of the auto parts company's stock worth $1,034,000 after buying an additional 915 shares in the last quarter. Money Concepts Capital Corp bought a new position in Aptiv in the 4th quarter valued at $521,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Aptiv by 9.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,847 shares of the auto parts company's stock valued at $2,343,000 after buying an additional 3,426 shares during the period. Institutional investors own 94.21% of the company's stock.

Analysts Set New Price Targets

APTV has been the topic of several research reports. Piper Sandler raised Aptiv from an "underweight" rating to a "neutral" rating and upped their price target for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. Morgan Stanley cut their target price on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating on the stock in a research report on Thursday, November 14th. Wells Fargo & Company raised their price target on Aptiv from $76.00 to $86.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Guggenheim reissued a "buy" rating and issued a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. Finally, Evercore ISI decreased their target price on Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and an average price target of $85.61.

Aptiv Stock Up 1.5 %

NYSE APTV traded up $1.01 during trading on Thursday, hitting $66.46. The stock had a trading volume of 2,452,323 shares, compared to its average volume of 3,373,063. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.53. The company's 50-day moving average price is $60.75 and its two-hundred day moving average price is $64.10. The company has a market capitalization of $15.62 billion, a PE ratio of 9.66, a P/E/G ratio of 0.54 and a beta of 1.74.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that Aptiv PLC will post 7.14 EPS for the current year.

About Aptiv

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.