Versor Investments LP acquired a new stake in shares of Aptiv PLC (NYSE:APTV – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,621 shares of the auto parts company’s stock, valued at approximately $1,036,000.
A number of other institutional investors also recently added to or reduced their stakes in APTV. NewEdge Advisors LLC grew its holdings in shares of Aptiv by 502.1% in the 1st quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock worth $926,000 after purchasing an additional 12,973 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Aptiv by 439.2% in the 1st quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock worth $4,528,000 after purchasing an additional 61,994 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Aptiv by 110.7% in the 1st quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock worth $566,000 after purchasing an additional 4,998 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 398 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Aptiv by 523.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock worth $175,000 after purchasing an additional 2,150 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.
Aptiv Stock Performance
Shares of APTV stock opened at $54.91 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. The company has a market capitalization of $11.62 billion, a P/E ratio of 32.49, a price-to-earnings-growth ratio of 0.97 and a beta of 1.42. The company’s 50 day moving average price is $64.22 and its two-hundred day moving average price is $74.20. Aptiv PLC has a 52 week low of $52.38 and a 52 week high of $88.93.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. UBS Group lowered their target price on shares of Aptiv from $97.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Robert W. Baird lowered their target price on shares of Aptiv from $105.00 to $74.00 and set an “outperform” rating on the stock in a report on Thursday, April 2nd. Morgan Stanley raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 target price on the stock in a report on Friday, May 8th. Wall Street Zen lowered shares of Aptiv from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Royal Bank Of Canada decreased their price objective on shares of Aptiv from $104.00 to $81.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.78.
Read Our Latest Stock Analysis on Aptiv
About Aptiv
Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.
Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.
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