Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Aptiv PLC (NYSE:APTV – Free Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 119,020 shares of the auto parts company’s stock, valued at approximately $9,056,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truist Financial Corp boosted its holdings in shares of Aptiv by 1,036.0% in the third quarter. Truist Financial Corp now owns 396,443 shares of the auto parts company’s stock worth $34,181,000 after buying an additional 361,546 shares during the period. Allstate Corp acquired a new position in shares of Aptiv in the third quarter worth about $704,000. Thematics Asset Management boosted its holdings in shares of Aptiv by 56.9% in the third quarter. Thematics Asset Management now owns 261,454 shares of the auto parts company’s stock worth $22,543,000 after buying an additional 94,782 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Aptiv by 34.2% in the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after buying an additional 1,167,946 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in shares of Aptiv in the third quarter worth about $297,917,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.
Aptiv Price Performance
Shares of Aptiv stock opened at $52.57 on Wednesday. The firm has a fifty day simple moving average of $62.41 and a 200-day simple moving average of $73.09. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98. Aptiv PLC has a 1-year low of $51.68 and a 1-year high of $88.93. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 0.91 and a beta of 1.42.
Wall Street Analysts Forecast Growth
APTV has been the subject of several recent analyst reports. BNP Paribas Exane decreased their target price on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Robert W. Baird decreased their target price on shares of Aptiv from $105.00 to $74.00 and set an “outperform” rating for the company in a report on Thursday, April 2nd. Wall Street Zen cut shares of Aptiv from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Wells Fargo & Company raised their price target on shares of Aptiv from $81.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada decreased their price target on shares of Aptiv from $104.00 to $81.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average target price of $84.15.
Read Our Latest Report on APTV
Aptiv Company Profile
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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