SummitTX Capital L.P. purchased a new position in shares of Aptiv PLC (NYSE:APTV – Free Report) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 35,394 shares of the auto parts company’s stock, valued at approximately $2,458,000.
Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake in 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 purchasing an additional 252 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after buying an additional 398 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Aptiv in the fourth quarter valued at about $33,000. DV Equities LLC acquired a new position in Aptiv during the 4th quarter worth about $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Aptiv by 60.0% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 180 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.
Aptiv Price Performance
APTV opened at $59.47 on Wednesday. The company has a fifty day moving average price of $62.02 and a two-hundred day moving average price of $67.39. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. Aptiv PLC has a 52 week low of $51.68 and a 52 week high of $88.93. The firm has a market capitalization of $12.58 billion, a PE ratio of 35.19, a P/E/G ratio of 1.07 and a beta of 1.46.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on APTV. Citigroup reduced their target price on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Royal Bank Of Canada upped their price objective on Aptiv from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Morgan Stanley raised Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 target price for the company in a research note on Friday, May 8th. Oppenheimer cut their price target on Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Finally, Piper Sandler lowered their price objective on Aptiv from $106.00 to $94.00 and set an “overweight” rating for the company in a research report on Monday, June 8th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.50.
Check Out Our Latest Research Report on Aptiv
Insider Buying and Selling
In related news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the sale, the executive vice president owned 163,752 shares in the company, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.
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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