Laurion Capital Management LP Buys New Shares in Aptiv PLC (NYSE:APTV)

Laurion Capital Management LP purchased a new position in Aptiv PLC (NYSE:APTV - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,584 shares of the auto parts company's stock, valued at approximately $943,000.

A number of other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Aptiv by 1.1% during the third quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company's stock valued at $22,806,000 after buying an additional 3,400 shares during the period. Shorepath Capital Management LLC grew its holdings in shares of Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company's stock worth $3,998,000 after acquiring an additional 11,835 shares during the period. Oak Thistle LLC bought a new position in shares of Aptiv in the 4th quarter worth approximately $865,000. Boston Common Asset Management LLC lifted its stake in shares of Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock valued at $249,000 after purchasing an additional 188 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in shares of Aptiv by 14.4% during the fourth quarter. Arkadios Wealth Advisors now owns 4,090 shares of the auto parts company's stock valued at $247,000 after purchasing an additional 515 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by corporate insiders.

Aptiv Stock Performance

Shares of NYSE APTV traded down $1.29 during trading on Thursday, reaching $68.13. 2,742,786 shares of the company traded hands, compared to its average volume of 3,508,716. The firm has a 50 day simple moving average of $58.13 and a 200-day simple moving average of $59.67. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $85.35. The stock has a market capitalization of $14.83 billion, a PE ratio of 9.90, a P/E/G ratio of 0.62 and a beta of 1.44. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the firm earned $1.16 earnings per share. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

APTV has been the subject of several recent research reports. Baird R W raised Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Raymond James reissued a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. StockNews.com assumed coverage on shares of Aptiv in a report on Wednesday. They issued a "hold" rating on the stock. TD Cowen started coverage on Aptiv in a research report on Friday, March 7th. They issued a "buy" rating and a $90.00 price target on the stock. Finally, Oppenheimer lifted their price objective on Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Aptiv presently has an average rating of "Moderate Buy" and a consensus target price of $82.06.

About Aptiv

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.