ExodusPoint Capital Management LP raised its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 263.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,694 shares of the auto parts company's stock after acquiring an additional 28,035 shares during the period. ExodusPoint Capital Management LP's holdings in Aptiv were worth $2,340,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Picton Mahoney Asset Management acquired a new position in Aptiv in the fourth quarter valued at approximately $37,000. CENTRAL TRUST Co increased its holdings in shares of Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after purchasing an additional 677 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of 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. boosted 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 worth $115,000 after buying an additional 918 shares in the last quarter. Finally, Westpac Banking Corp grew its position in Aptiv by 21.9% during the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after buying an additional 341 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
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 completion of the sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.45% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on APTV. 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 research note on Friday, February 7th. TD Cowen initiated coverage on Aptiv in a report on Friday, March 7th. They issued a "buy" rating and a $90.00 price objective on the stock. Royal Bank of Canada upped their target price on Aptiv from $75.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. StockNews.com began coverage on shares of Aptiv in a research note on Saturday. They issued a "hold" rating on the stock. Finally, Baird R W upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.78.
Check Out Our Latest Stock Report on Aptiv
Aptiv Trading Down 2.9 %
Aptiv stock traded down $1.42 during trading on Friday, reaching $48.00. 4,486,209 shares of the company were exchanged, compared to its average volume of 3,507,867. The stock's 50 day simple moving average is $61.94 and its two-hundred day simple moving average is $61.74. The company has a market capitalization of $11.01 billion, a P/E ratio of 6.98, a PEG ratio of 0.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. 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 announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating 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%. On average, equities research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.
Aptiv Company Profile
(
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.
Further Reading
Before you consider Aptiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aptiv wasn't on the list.
While Aptiv currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
