Washington Capital Management Inc. Purchases Shares of 5,550 Aptiv PLC (NYSE:APTV)

Washington Capital Management Inc. bought a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,550 shares of the auto parts company's stock, valued at approximately $336,000.

A number of other institutional investors have also made changes to their positions in APTV. Wolff Wiese Magana LLC lifted its position in shares of Aptiv by 44.3% during the 3rd 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. Mather Group LLC. lifted its holdings in Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company's stock valued at $47,000 after buying an additional 176 shares during the period. Farther Finance Advisors LLC grew its holdings in Aptiv by 16.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company's stock worth $88,000 after acquiring an additional 176 shares during the period. Boston Common Asset Management LLC lifted its stake in shares of Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock valued at $249,000 after purchasing an additional 188 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in Aptiv by 4.9% in the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company's stock valued at $334,000 after purchasing an additional 218 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on APTV. Barclays reduced their target price on Aptiv from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Wednesday, January 22nd. TD Cowen decreased their target price on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Morgan Stanley dropped their price objective on Aptiv from $68.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, November 14th. Robert W. Baird raised shares of Aptiv from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $75.00 to $82.00 in a report on Monday. Finally, Guggenheim reiterated a "buy" rating and set a $73.00 price target on shares of Aptiv in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $85.47.

Aptiv Trading Up 1.6 %

Shares of APTV traded up $0.98 during midday trading on Thursday, hitting $63.66. The stock had a trading volume of 913,341 shares, compared to its average volume of 3,059,948. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The stock's 50 day moving average is $59.25 and its 200 day moving average is $64.59. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $88.89. The firm has a market cap of $14.96 billion, a PE ratio of 7.11, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The business's revenue for the quarter was down 5.1% on a year-over-year basis. As a group, analysts forecast that Aptiv PLC will post 6.15 EPS for the current fiscal year.

Aptiv Profile

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.