Ingalls & Snyder LLC Acquires Shares of 24,606 Aptiv PLC (NYSE:APTV)

Ingalls & Snyder LLC bought a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,606 shares of the auto parts company's stock, valued at approximately $1,488,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of APTV. Sumitomo Life Insurance Co. raised its holdings in shares of Aptiv by 2.8% in the third quarter. Sumitomo Life Insurance Co. now owns 16,490 shares of the auto parts company's stock worth $1,187,000 after buying an additional 445 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock worth $36,000 after buying an additional 155 shares during the period. Ellsworth Advisors LLC lifted its stake in shares of Aptiv by 2.5% during the third quarter. Ellsworth Advisors LLC now owns 22,000 shares of the auto parts company's stock worth $1,584,000 after buying an additional 544 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Aptiv by 2.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,414 shares of the auto parts company's stock worth $3,270,000 after buying an additional 918 shares during the period. Finally, V Square Quantitative Management LLC lifted its stake in shares of Aptiv by 42.5% during the third quarter. V Square Quantitative Management LLC now owns 8,694 shares of the auto parts company's stock worth $626,000 after buying an additional 2,593 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Wall Street Analyst Weigh In

APTV has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company lifted their price objective on shares of Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 target price for the company in a research note on Friday, February 7th. Evercore ISI cut their target price on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Finally, Piper Sandler upgraded shares of Aptiv from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $53.00 to $65.00 in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Aptiv has an average rating of "Moderate Buy" and a consensus target price of $85.61.

Aptiv Trading Up 1.0 %

Shares of APTV stock traded up $0.65 during trading hours on Monday, hitting $67.06. The company had a trading volume of 2,121,450 shares, compared to its average volume of 3,465,648. The company's fifty day moving average is $61.15 and its 200 day moving average is $64.04. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.06. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The stock has a market capitalization of $15.76 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.54 and a beta of 1.74.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping 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%. Research analysts expect that Aptiv PLC will post 7.14 earnings per share for the current fiscal 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.