Tredje AP fonden bought a new position in Aptiv PLC (NYSE:APTV – Free Report) during the fourth quarter, Holdings Channel reports. The firm bought 207,420 shares of the auto parts company’s stock, valued at approximately $15,783,000.
A number of other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC lifted its position in shares of Aptiv by 240.0% in the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after buying an additional 252 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Aptiv by 6.6% in the fourth quarter. ProShare Advisors LLC now owns 42,986 shares of the auto parts company’s stock worth $3,271,000 after buying an additional 2,648 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Aptiv by 36.5% in the fourth quarter. HighTower Advisors LLC now owns 427,755 shares of the auto parts company’s stock worth $32,548,000 after buying an additional 114,396 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Aptiv by 13.4% in the fourth quarter. Gabelli Funds LLC now owns 67,500 shares of the auto parts company’s stock worth $5,136,000 after buying an additional 8,000 shares in the last quarter. Finally, North Dakota State Investment Board purchased a new stake in shares of Aptiv in the fourth quarter worth about $567,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.
Aptiv Trading Down 0.8%
Shares of NYSE APTV opened at $52.57 on Wednesday. The business’s 50 day moving average is $62.41 and its two-hundred day moving average is $73.09. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. 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 P/E ratio of 31.11, a PEG ratio of 0.91 and a beta of 1.42.
Analyst Upgrades and Downgrades
APTV has been the topic of a number of research analyst reports. Bank of America initiated coverage on Aptiv in a research report on Wednesday, March 4th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Aptiv from $84.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen downgraded Aptiv from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. UBS Group decreased their target price on Aptiv from $97.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Finally, Robert W. Baird decreased their target price on Aptiv from $105.00 to $74.00 and set an “outperform” rating on the stock in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.15.
View Our Latest Analysis on Aptiv
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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