Integrated Quantitative Investments LLC acquired a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,800 shares of the auto parts company's stock, valued at approximately $290,000.
Other hedge funds also recently made changes to their positions in the company. Prudential PLC lifted its holdings in shares of Aptiv by 19.5% in the 4th quarter. Prudential PLC now owns 8,873 shares of the auto parts company's stock valued at $537,000 after buying an additional 1,449 shares during the period. ExodusPoint Capital Management LP raised its position in Aptiv by 263.0% in the fourth quarter. ExodusPoint Capital Management LP now owns 38,694 shares of the auto parts company's stock worth $2,340,000 after acquiring an additional 28,035 shares in the last quarter. Westpac Banking Corp lifted its holdings in Aptiv by 21.9% in the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after acquiring an additional 341 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Aptiv by 11.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after purchasing an additional 1,517,104 shares in the last quarter. Finally, Diametric Capital LP acquired a new position in shares of Aptiv during the 4th quarter worth $972,000. Institutional investors and hedge funds own 94.21% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Baird R W raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Barclays boosted their price target on Aptiv from $75.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Argus raised Aptiv to a "strong-buy" rating in a research note on Tuesday, February 11th. Raymond James reiterated a "market perform" rating on shares of Aptiv in a research report on Monday, February 3rd. Finally, StockNews.com began coverage on Aptiv in a research report on Friday, April 4th. They issued a "hold" rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and a consensus target price of $84.78.
View Our Latest Stock Analysis on APTV
Aptiv Trading Down 2.9 %
Shares of APTV stock traded down $1.42 during mid-day trading on Friday, hitting $48.00. 4,486,209 shares of the company's stock were exchanged, compared to its average volume of 3,507,867. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 0.62 and a beta of 1.64. The stock has a 50-day simple moving average of $61.94 and a two-hundred day simple moving average of $61.74. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.
Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping 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 EPS for the current fiscal year.
Insider Buying and Selling
In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by company 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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