Formidable Asset Management LLC Invests $460,000 in Aptiv PLC (NYSE:APTV)

Formidable Asset Management LLC purchased a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,605 shares of the auto parts company's stock, valued at approximately $460,000.

Several other institutional investors have also added to or reduced their stakes in the stock. South Dakota Investment Council boosted its position in shares of Aptiv by 32.9% in the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock valued at $7,799,000 after acquiring an additional 31,941 shares during the period. Focus Financial Network Inc. bought a new stake in shares of Aptiv in the fourth quarter worth $379,000. Diametric Capital LP acquired a new stake in Aptiv during the 4th quarter valued at approximately $972,000. abrdn plc bought a new position in Aptiv during the fourth quarter worth $30,374,000. Finally, Ninety One North America Inc. grew its stake in Aptiv by 2.6% during the fourth quarter. Ninety One North America Inc. now owns 189,967 shares of the auto parts company's stock worth $11,489,000 after purchasing an additional 4,884 shares during the period. 94.21% of the stock is owned by institutional investors.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the firm'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 completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.45% of the company's stock.

Aptiv Trading Down 1.1%

NYSE:APTV traded down $0.76 on Friday, hitting $67.33. The stock had a trading volume of 589,250 shares, compared to its average volume of 3,492,010. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $85.35. The stock has a market cap of $14.66 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.62 and a beta of 1.44. The company has a fifty day moving average price of $59.07 and a two-hundred day moving average price of $60.27. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on APTV shares. Argus raised shares of Aptiv to a "strong-buy" rating in a research report on Tuesday, February 11th. Raymond James reaffirmed a "market perform" rating on shares of Aptiv in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target for the company in a report on Friday, February 7th. Barclays raised their target price on shares of Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Finally, UBS Group boosted their price objective on shares of Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and an average price target of $82.50.

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.