47,800 Shares in Aptiv PLC (NYSE:APTV) Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. bought a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,800 shares of the auto parts company's stock, valued at approximately $2,891,000.

A number of other large investors also recently modified their holdings of the business. Covestor Ltd boosted its position in shares of Aptiv by 11.4% during the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after buying an additional 186 shares during the period. Horizon Investments LLC increased its holdings in shares of Aptiv by 6.1% during the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock valued at $231,000 after purchasing an additional 219 shares during the period. ProShare Advisors LLC raised its stake in shares of Aptiv by 0.5% during the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock valued at $3,128,000 after purchasing an additional 248 shares in the last quarter. Westpac Banking Corp grew its position in Aptiv by 21.9% in the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after buying an additional 341 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its position in Aptiv by 1.3% in the 4th quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company's stock valued at $1,552,000 after buying an additional 341 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Price Performance

APTV stock traded down $1.21 during trading on Friday, hitting $66.88. The company had a trading volume of 3,689,064 shares, compared to its average volume of 3,283,492. The company has a fifty day moving average price of $59.07 and a two-hundred day moving average price of $60.27. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $85.35. The company has a market cap of $14.56 billion, a P/E ratio of 9.72, a P/E/G 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 released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 earnings per share. Equities research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on APTV shares. Robert W. Baird dropped their price target on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Barclays upped their target price on Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Piper Sandler set a $70.00 price target on Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Raymond James reaffirmed a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. Finally, Guggenheim dropped their price objective on shares of Aptiv from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.50.

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.