Boothbay Fund Management LLC bought a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 95,970 shares of the auto parts company's stock, valued at approximately $5,804,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Aptiv during the 4th quarter valued at about $106,492,000. Pictet Asset Management Holding SA grew its holdings in Aptiv by 1,018.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock valued at $102,262,000 after purchasing an additional 1,539,724 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Aptiv by 11.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after buying an additional 1,517,104 shares during the period. Franklin Resources Inc. lifted its position in shares of Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock valued at $371,767,000 after buying an additional 1,408,433 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Aptiv by 25.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock worth $168,619,000 after acquiring an additional 552,066 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Aptiv
In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now directly 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 filing with the SEC, which can be accessed through the SEC website. 0.45% of the stock is owned by insiders.
Analyst Ratings Changes
APTV has been the subject of a number of research reports. Evercore ISI cut their target price 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. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a "hold" rating to a "buy" rating and set a $78.00 target price on the stock in a research report on Friday, February 7th. Hsbc Global Res raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Raymond James reissued a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. Finally, Guggenheim cut their target price 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $81.94.
View Our Latest Stock Report on APTV
Aptiv Stock Down 0.1 %
Shares of Aptiv stock traded down $0.06 during trading on Thursday, hitting $57.00. 3,560,836 shares of the stock were exchanged, compared to its average volume of 3,576,648. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The firm's 50-day moving average price is $58.80 and its 200 day moving average price is $60.22. The stock has a market cap of $13.08 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $85.56.
Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping 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%. Aptiv's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 earnings per share. As a group, analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.
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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