Tidal Investments LLC Has $2.31 Million Holdings in Aptiv PLC (NYSE:APTV)

Tidal Investments LLC boosted its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 146.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,266 shares of the auto parts company's stock after buying an additional 22,757 shares during the period. Tidal Investments LLC's holdings in Aptiv were worth $2,314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in APTV. Arkadios Wealth Advisors increased its position in shares of Aptiv by 14.4% in the 4th quarter. Arkadios Wealth Advisors now owns 4,090 shares of the auto parts company's stock valued at $247,000 after acquiring an additional 515 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Aptiv by 5.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 11,826 shares of the auto parts company's stock valued at $715,000 after purchasing an additional 624 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Aptiv by 44.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 37,289 shares of the auto parts company's stock worth $2,255,000 after purchasing an additional 11,469 shares during the last quarter. Dakota Wealth Management acquired a new stake in shares of Aptiv during the fourth quarter worth about $596,000. Finally, Exchange Traded Concepts LLC boosted its position in Aptiv by 23.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 200,924 shares of the auto parts company's stock valued at $12,152,000 after buying an additional 38,554 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APTV has been the topic of several analyst reports. Oppenheimer raised 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. Baird R W raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. Barclays lifted their target price on shares of Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Argus upgraded shares of Aptiv to a "strong-buy" rating in a research report on Tuesday, February 11th. Finally, Raymond James reissued a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.50.

Aptiv Stock Up 3.4%

APTV stock traded up $2.24 during mid-day trading on Tuesday, hitting $68.30. The stock had a trading volume of 561,236 shares, compared to its average volume of 3,502,890. The company has a fifty day moving average of $58.76 and a 200 day moving average of $60.08. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $85.35. The stock has a market capitalization of $14.87 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 0.62 and a beta of 1.44. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

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, topping the consensus estimate of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the firm posted $1.16 EPS. The business's quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling at Aptiv

In related 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 transaction of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at $8,203,023.50. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.45% of the company's stock.

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.