Goodnow Investment Group LLC decreased its holdings in Aptiv PLC (NYSE:APTV – Free Report) by 1.8% in the 4th quarter, HoldingsChannel reports. The firm owned 752,363 shares of the auto parts company’s stock after selling 13,637 shares during the quarter. Aptiv makes up 5.3% of Goodnow Investment Group LLC’s holdings, making the stock its 6th biggest holding. Goodnow Investment Group LLC’s holdings in Aptiv were worth $57,247,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in APTV. Saranac Partners Ltd purchased a new stake in Aptiv during the 3rd quarter worth about $25,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Aptiv during the 3rd quarter worth $30,000. Larson Financial Group LLC grew its stake in shares of 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. Atlas Capital Advisors Inc. purchased a new position in Aptiv in the fourth quarter valued at $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in Aptiv by 60.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock valued at $37,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.
Aptiv Trading Down 2.1%
APTV opened at $66.59 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. Aptiv PLC has a 52 week low of $51.68 and a 52 week high of $88.93. The business’s 50 day moving average is $60.97 and its two-hundred day moving average is $71.27. The firm has a market cap of $14.09 billion, a price-to-earnings ratio of 39.40, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45.
Insider Transactions at Aptiv
In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This trade represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.06% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. HSBC lowered their price objective on Aptiv from $81.32 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Bank of America initiated coverage on Aptiv in a report on Wednesday, March 4th. They issued a “buy” rating for the company. Fox Advisors dropped their price target on shares of Aptiv from $110.00 to $70.00 in a research note on Friday, May 8th. Morgan Stanley raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price objective on the stock in a report on Friday, May 8th. Finally, Barclays lowered their target price on shares of Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Twenty-two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.67.
Get Our Latest Stock Report on Aptiv
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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