Tower Research Capital LLC TRC grew its position in Aptiv PLC (NYSE:APTV - Free Report) by 82.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,916 shares of the auto parts company's stock after buying an additional 6,745 shares during the period. Tower Research Capital LLC TRC's holdings in Aptiv were worth $902,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. South Dakota Investment Council boosted its holdings in Aptiv by 32.9% in the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock worth $7,799,000 after acquiring an additional 31,941 shares in the last quarter. Focus Financial Network Inc. acquired a new stake in Aptiv in the 4th quarter worth approximately $379,000. Shorepath Capital Management LLC increased its stake in Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company's stock valued at $3,998,000 after purchasing an additional 11,835 shares in the last quarter. Diametric Capital LP purchased a new stake in shares of Aptiv during the fourth quarter valued at $972,000. Finally, abrdn plc acquired a new position in shares of Aptiv in the 4th quarter valued at $30,374,000. Hedge funds and other institutional investors own 94.21% of the company's stock.
Aptiv Price Performance
Shares of APTV stock traded up $0.02 on Thursday, reaching $57.08. 1,134,824 shares of the company were exchanged, compared to its average volume of 3,526,691. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The business has a 50-day moving average price of $58.80 and a 200 day moving average price of $60.22. The company has a market cap of $13.10 billion, a price-to-earnings ratio of 8.30, a P/E/G 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 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.16. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. During the same quarter in the previous year, the company earned $1.16 earnings per share. The firm's revenue was down 1.6% compared to the same quarter last year. Equities research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.
Insider Transactions at Aptiv
In other news, SVP Benjamin Lyon sold 14,568 shares of the business's 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 owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.45% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Evercore ISI dropped their target price on Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. HSBC upgraded shares of Aptiv from a "hold" rating to a "buy" rating and increased their price objective for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. Hsbc Global Res raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Royal Bank of Canada upped their price target on shares of Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, Guggenheim reduced their price objective on Aptiv from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.94.
Read Our Latest Report on APTV
About Aptiv
(
Free Report)
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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