Aptiv PLC (NYSE:APTV) Shares Acquired by Paloma Partners Management Co

Paloma Partners Management Co grew its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 968.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 909,500 shares of the auto parts company's stock after acquiring an additional 824,400 shares during the quarter. Aptiv accounts for approximately 2.5% of Paloma Partners Management Co's holdings, making the stock its 6th largest holding. Paloma Partners Management Co owned 0.40% of Aptiv worth $55,007,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in Aptiv in the fourth quarter worth about $37,000. CENTRAL TRUST Co boosted its holdings in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock worth $52,000 after acquiring an additional 677 shares in the last quarter. GeoWealth Management LLC boosted its holdings in Aptiv by 203.2% in the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock worth $92,000 after acquiring an additional 1,022 shares in the last quarter. Quarry LP acquired a new stake in Aptiv in the fourth quarter worth about $105,000. Finally, Hazlett Burt & Watson Inc. boosted its holdings in Aptiv by 163.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock worth $110,000 after acquiring an additional 1,145 shares in the last quarter. Institutional investors and hedge funds 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 shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares of the company's stock, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.45% of the company's stock.

Analyst Ratings Changes

APTV has been the subject of a number of research reports. Oppenheimer lifted their target price on Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Evercore ISI decreased their target price on Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Baird R W raised Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. TD Cowen initiated coverage on Aptiv in a report on Friday, March 7th. They set a "buy" rating and a $90.00 target price for the company. Finally, Argus raised Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, seven have given 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.94.

Aptiv Stock Performance

Shares of NYSE:APTV opened at $56.31 on Tuesday. The business's 50 day moving average price is $59.19 and its 200-day moving average price is $60.26. The firm has a market capitalization of $12.92 billion, a PE ratio of 8.18, a P/E/G ratio of 0.62 and a beta of 1.64. 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 1 year low of $47.19 and a 1 year high of $85.56.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Aptiv Company Profile

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.

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