GAMMA Investing LLC grew its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 26,568.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,744 shares of the auto parts company's stock after buying an additional 163,130 shares during the quarter. GAMMA Investing LLC owned approximately 0.07% of Aptiv worth $97,430,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Webster Bank N. A. bought a new stake in shares of Aptiv in the 1st quarter valued at about $107,000. Versant Capital Management Inc raised its holdings in shares of Aptiv by 201.7% in the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 470 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Aptiv by 164.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock valued at $81,000 after purchasing an additional 848 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Aptiv in the 4th quarter valued at about $5,428,000. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Aptiv in the 4th quarter valued at about $2,891,000. 94.21% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Evercore ISI dropped their target price 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. Morgan Stanley dropped their target price on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a report on Monday, May 19th. Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday. Oppenheimer upped their price target on shares of Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, TD Cowen initiated coverage on shares of Aptiv in a research note on Friday, March 7th. They issued a "buy" rating and a $90.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $82.50.
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Aptiv Stock Performance
Shares of NYSE:APTV traded down $0.43 on Thursday, reaching $65.45. 1,930,923 shares of the company's stock were exchanged, compared to its average volume of 3,498,747. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $14.25 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 0.62 and a beta of 1.44. The company has a fifty day moving average of $59.43 and a 200-day moving average of $60.67. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $82.47.
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 (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.14. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS. On average, research analysts predict that Aptiv PLC will post 7.2 EPS for the current fiscal year.
Insider Buying and Selling
In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.45% of the stock is currently owned by company insiders.
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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