Tidal Investments LLC Buys 22,757 Shares of Aptiv PLC (NYSE:APTV)

Tidal Investments LLC raised its position in Aptiv PLC (NYSE:APTV - Free Report) by 146.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APTV. Massachusetts Financial Services Co. MA lifted its position in shares of Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after purchasing an additional 1,517,104 shares in the last quarter. FMR LLC lifted its position in shares of Aptiv by 1.7% during the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock worth $470,247,000 after purchasing an additional 126,882 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after purchasing an additional 1,408,433 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Aptiv by 6.1% during the fourth quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock worth $234,799,000 after purchasing an additional 223,831 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Aptiv by 19.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock worth $172,117,000 after purchasing an additional 468,069 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Trading Down 0.5%

NYSE:APTV traded down $0.38 during trading hours on Wednesday, hitting $68.02. The stock had a trading volume of 378,003 shares, compared to its average volume of 3,496,861. Aptiv PLC has a one year low of $47.19 and a one year high of $85.35. 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 company has a market cap of $14.81 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 0.62 and a beta of 1.44. The business's 50 day moving average is $58.88 and its 200-day moving average is $60.13.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the firm earned $1.16 earnings per share. The business's quarterly revenue was down 1.6% on a year-over-year basis. Sell-side analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction on 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 sale, the senior vice president now owns 125,237 shares of the company's stock, valued at $8,203,023.50. This represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APTV. Hsbc Global Res upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. TD Cowen began coverage on shares of Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 target price on the stock. Morgan Stanley reduced their target price on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. UBS Group upped their target price on shares of Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Evercore ISI cut their price objective on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and a consensus price target of $82.50.

Aptiv 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.