Aware Super Pty Ltd as trustee of Aware Super bought a new position in Aptiv PLC (NYSE:APTV – Free Report) in the first quarter, Holdings Channel.com reports. The institutional investor bought 255,835 shares of the auto parts company’s stock, valued at approximately $17,765,000.
Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB grew its stake in 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 valued at $349,067,000 after purchasing an additional 1,167,946 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Aptiv by 2.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,915,906 shares of the auto parts company’s stock worth $228,724,000 after purchasing an additional 81,492 shares during the last quarter. Shayne & Jacobs LLC raised its stake in shares of Aptiv by 105.2% in the first quarter. Shayne & Jacobs LLC now owns 54,750 shares of the auto parts company’s stock worth $3,802,000 after purchasing an additional 28,070 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Aptiv during the third quarter worth about $47,717,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Aptiv by 86.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 910,656 shares of the auto parts company’s stock worth $69,292,000 after purchasing an additional 420,984 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.
Aptiv Stock Up 0.4%
APTV stock opened at $59.17 on Friday. The firm has a market cap of $12.52 billion, a PE ratio of 35.01, a P/E/G ratio of 1.10 and a beta of 1.46. 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 firm’s fifty day moving average is $61.61 and its 200 day moving average is $68.58. Aptiv PLC has a one year low of $51.68 and a one year high of $88.93.
Insider Buying and Selling at Aptiv
In related news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv 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 transaction, the executive vice president owned 163,752 shares in the company, valued at $12,821,781.60. The trade was a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on APTV shares. TD Cowen reiterated a “buy” rating on shares of Aptiv in a report on Friday, June 12th. Piper Sandler decreased their price objective on shares of Aptiv from $106.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday, June 8th. Fox Advisors dropped their price objective on shares of Aptiv from $110.00 to $70.00 in a report on Friday, May 8th. HSBC cut their price objective on shares of Aptiv from $81.32 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Finally, Wells Fargo & Company reduced their target price on shares of Aptiv from $82.00 to $77.00 and set an “overweight” rating for the company in a report on Thursday, June 25th. Twenty-two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $82.50.
Read 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.
See Also
- Five stocks we like better than Aptiv
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Want to see what other hedge funds are holding APTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aptiv PLC (NYSE:APTV – Free Report).
Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.
