Impact Partnership Wealth LLC bought a new position in shares of Aptiv PLC (NYSE:APTV – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 11,052 shares of the auto parts company’s stock, valued at approximately $841,000.
Other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB raised its stake in shares of Aptiv by 34.2% during the 4th quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after purchasing an additional 1,167,946 shares during the period. Thematics Asset Management raised its stake in shares of Aptiv by 56.9% during the 3rd quarter. Thematics Asset Management now owns 261,454 shares of the auto parts company’s stock worth $22,543,000 after purchasing an additional 94,782 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of Aptiv during the 3rd quarter worth $297,917,000. Envestnet Asset Management Inc. raised its stake in shares of Aptiv by 55.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 523,452 shares of the auto parts company’s stock worth $45,132,000 after purchasing an additional 187,452 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Aptiv by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,545,257 shares of the auto parts company’s stock worth $219,443,000 after purchasing an additional 65,546 shares during the period. 94.21% of the stock is currently owned by institutional investors.
Aptiv Trading Up 7.0%
Shares of Aptiv stock opened at $68.13 on Friday. 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 stock has a market capitalization of $14.42 billion, a P/E ratio of 40.31, a P/E/G ratio of 1.13 and a beta of 1.42. Aptiv PLC has a 52-week low of $51.68 and a 52-week high of $88.93. The stock’s 50-day simple moving average is $60.57 and its 200 day simple moving average is $71.89.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Wall Street Zen cut Aptiv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Wells Fargo & Company boosted their price objective on Aptiv from $81.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Barclays lowered their price objective on Aptiv from $77.00 to $73.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Fox Advisors lowered their price objective on Aptiv from $110.00 to $70.00 in a research note on Friday, May 8th. Finally, UBS Group lowered their price objective on Aptiv from $97.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.85.
View Our Latest Research Report on Aptiv
Aptiv 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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