Aptiv PLC (NYSE:APTV) is Atlantic Investment Management Inc.'s Largest Position

Atlantic Investment Management Inc. increased its stake in Aptiv PLC (NYSE:APTV - Free Report) by 25.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 763,955 shares of the auto parts company's stock after buying an additional 155,700 shares during the period. Aptiv accounts for about 22.3% of Atlantic Investment Management Inc.'s portfolio, making the stock its largest position. Atlantic Investment Management Inc. owned 0.33% of Aptiv worth $46,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after purchasing an additional 186 shares in the last quarter. Boston Common Asset Management LLC lifted its holdings in shares of Aptiv by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock worth $249,000 after purchasing an additional 188 shares during the period. Horizon Investments LLC increased its stake in shares of Aptiv by 6.1% in the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock worth $231,000 after acquiring an additional 219 shares during the period. Westpac Banking Corp lifted its holdings in shares of Aptiv by 21.9% in the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after buying an additional 341 shares during the period. Finally, Meiji Yasuda Life Insurance Co grew its stake in shares of Aptiv by 1.9% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 19,565 shares of the auto parts company's stock worth $1,183,000 after purchasing an additional 360 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on APTV shares. TD Cowen started coverage on Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 target price on the stock. Piper Sandler raised their target price on Aptiv from $65.00 to $67.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. StockNews.com began coverage on Aptiv in a research note on Tuesday. They set a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target for the company in a research note on Friday, February 7th. Finally, Evercore ISI decreased their price target on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.06.

Aptiv Price Performance

Aptiv stock traded down $0.53 during mid-day trading on Tuesday, hitting $58.26. 2,141,913 shares of the company were exchanged, compared to its average volume of 3,489,263. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $85.56. The business's 50 day simple moving average is $58.30 and its two-hundred day simple moving average is $59.82. The company has a market capitalization of $13.37 billion, a P/E ratio of 8.47, a PEG ratio of 0.62 and a beta of 1.64.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 EPS. Analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

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.