Swedbank AB grew its stake in shares of Aptiv PLC (NYSE:APTV – Free Report) by 25.1% during the fourth quarter, Holdings Channel reports. The firm owned 485,357 shares of the auto parts company’s stock after purchasing an additional 97,289 shares during the period. Swedbank AB’s holdings in Aptiv were worth $36,931,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Saranac Partners Ltd acquired a new stake in Aptiv during the third quarter worth approximately $25,000. Larson Financial Group LLC raised its holdings in Aptiv by 240.0% during 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. grew its position in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 398 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Aptiv in the 3rd quarter valued at $30,000. Finally, Root Financial Partners LLC acquired a new position in shares of Aptiv in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 94.21% of the company’s stock.
Aptiv Stock Performance
NYSE:APTV opened at $57.41 on Monday. The firm’s fifty day moving average price is $61.46 and its 200 day moving average price is $72.54. Aptiv PLC has a 1-year low of $51.68 and a 1-year high of $88.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. President Capital assumed coverage on shares of Aptiv in a report on Wednesday, March 25th. They issued a “buy” rating and a $82.50 target price on the stock. Bank of America assumed coverage on shares of Aptiv in a report on Wednesday, March 4th. They issued a “buy” rating on the stock. Royal Bank Of Canada cut their target price 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. Deutsche Bank Aktiengesellschaft cut their target price on shares of Aptiv from $84.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and an average target price of $84.15.
Check Out Our Latest Stock Report on APTV
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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