Atom Investors LP Invests $6.56 Million in Aptiv PLC $APTV

Atom Investors LP bought a new position in Aptiv PLC (NYSE:APTVFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 86,251 shares of the auto parts company’s stock, valued at approximately $6,563,000.

Other large investors have also recently modified their holdings of the company. Saranac Partners Ltd purchased a new position in shares of Aptiv in the third quarter worth about $25,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Aptiv in the third quarter worth about $30,000. Larson Financial Group LLC increased its stake 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 purchasing an additional 252 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Aptiv in the fourth quarter worth about $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in shares of Aptiv by 60.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Transactions at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 163,752 shares in the company, valued at $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

APTV has been the subject of several recent research reports. Weiss Ratings upgraded shares of Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Fox Advisors cut their price objective on shares of Aptiv from $110.00 to $70.00 in a research report on Friday, May 8th. Royal Bank Of Canada cut their price objective on shares of Aptiv from $104.00 to $81.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Evercore cut their price objective on shares of Aptiv from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Finally, Morgan Stanley upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price objective for the company in a research report on Friday, May 8th. Twenty-two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.67.

View Our Latest Stock Analysis on Aptiv

Aptiv Trading Down 1.3%

Shares of Aptiv stock opened at $65.75 on Wednesday. Aptiv PLC has a 1 year low of $51.68 and a 1 year high of $88.93. The firm has a market cap of $13.91 billion, a PE ratio of 38.91, a PEG ratio of 1.11 and a beta of 1.45. 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 company has a 50 day simple moving average of $61.07 and a two-hundred day simple moving average of $71.19.

Aptiv (NYSE:APTVGet Free Report) last announced its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same period in the previous year, the business posted $1.69 earnings per share. Aptiv’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Aptiv PLC will post 6.37 earnings per share for the current fiscal year.

Aptiv Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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