Adage Capital Partners GP L.L.C. trimmed its stake in Aptiv PLC (NYSE:APTV - Free Report) by 53.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 219,600 shares of the auto parts company's stock after selling 252,900 shares during the period. Adage Capital Partners GP L.L.C. owned 0.10% of Aptiv worth $13,281,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Picton Mahoney Asset Management acquired a new stake in shares of Aptiv in the 4th quarter worth $37,000. CENTRAL TRUST Co grew its stake in shares of Aptiv by 356.3% during 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 during the last quarter. GeoWealth Management LLC increased its holdings in shares of Aptiv by 203.2% during the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock valued at $92,000 after acquiring an additional 1,022 shares in the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of Aptiv by 163.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock valued at $110,000 after purchasing an additional 1,145 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Aptiv by 11.4% in the 4th 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. 94.21% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Wells Fargo & Company cut their price target on shares of Aptiv from $77.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday. Oppenheimer raised their target price on Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Raymond James reiterated a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. Piper Sandler increased their price objective on Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Finally, Deutsche Bank Aktiengesellschaft raised Aptiv from a "hold" rating to a "buy" rating and set a $78.00 target price for the company in a report on Friday, February 7th. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $81.50.
Read Our Latest Report on APTV
Aptiv Price Performance
Shares of Aptiv stock traded up $2.03 on Friday, reaching $58.99. The company's stock had a trading volume of 2,463,019 shares, compared to its average volume of 3,511,607. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $85.56. The company has a market capitalization of $13.54 billion, a P/E ratio of 8.57, a PEG ratio of 0.62 and a beta of 1.64. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average price of $58.45 and a 200-day moving average price of $60.05.
Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. Analysts expect that Aptiv PLC will post 7.2 EPS for the current year.
Insider Activity at Aptiv
In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.45% of the stock is currently owned by corporate insiders.
Aptiv Profile
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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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