Optimize Financial Inc bought a new position in Aptiv PLC (NYSE:APTV - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,730 shares of the auto parts company's stock, valued at approximately $468,000.
Several other institutional investors also recently bought and sold shares of the stock. Sterling Capital Management LLC grew its position in shares of Aptiv by 34.3% during the fourth quarter. Sterling Capital Management LLC now owns 13,947 shares of the auto parts company's stock valued at $844,000 after purchasing an additional 3,565 shares in the last quarter. Covestor Ltd boosted its stake in Aptiv by 11.4% during the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after buying an additional 186 shares during the last quarter. Scotia Capital Inc. increased its stake in Aptiv by 79.4% in the 4th quarter. Scotia Capital Inc. now owns 28,488 shares of the auto parts company's stock worth $1,723,000 after acquiring an additional 12,604 shares during the last quarter. CenterBook Partners LP purchased a new stake in shares of Aptiv during the 4th quarter worth approximately $349,000. Finally, APG Asset Management N.V. boosted its position in shares of Aptiv by 334.8% during the 4th quarter. APG Asset Management N.V. now owns 280,114 shares of the auto parts company's stock valued at $16,360,000 after acquiring an additional 215,690 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.
Aptiv Stock Performance
Shares of NYSE APTV traded up $0.10 during midday trading on Wednesday, reaching $50.84. The company had a trading volume of 3,082,141 shares, compared to its average volume of 3,532,341. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.56. The business's 50-day simple moving average is $61.46 and its 200 day simple moving average is $61.42. 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 has a market cap of $11.67 billion, a P/E ratio of 7.39, a P/E/G ratio of 0.62 and a beta of 1.64.
Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share 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%. On average, analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.
Insider Activity at Aptiv
In other news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares of the company's stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on APTV shares. StockNews.com assumed coverage on shares of Aptiv in a research note on Saturday. They set a "hold" rating on the stock. Hsbc Global Res upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. TD Cowen assumed coverage on Aptiv in a research report on Friday, March 7th. They issued a "buy" rating and a $90.00 price target for the company. Argus upgraded Aptiv to a "strong-buy" rating in a research report on Tuesday, February 11th. Finally, Barclays reiterated an "equal weight" rating and issued a $55.00 target price (down previously from $80.00) on shares of Aptiv in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Aptiv has a consensus rating of "Moderate Buy" and a consensus price target of $82.44.
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Aptiv 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.
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