Westwood Holdings Group Inc. Invests $13.93 Million in Aptiv PLC (NYSE:APTV)

Westwood Holdings Group Inc. acquired a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 230,367 shares of the auto parts company's stock, valued at approximately $13,933,000. Westwood Holdings Group Inc. owned approximately 0.10% of Aptiv as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management bought a new stake in shares of Aptiv during the fourth quarter valued at about $37,000. CENTRAL TRUST Co raised its position in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock worth $52,000 after acquiring an additional 677 shares in the last quarter. GeoWealth Management LLC raised its position in Aptiv by 203.2% in the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock worth $92,000 after acquiring an additional 1,022 shares in the last quarter. Quarry LP bought a new stake in Aptiv in the fourth quarter worth about $105,000. Finally, Covestor Ltd raised its position in Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after acquiring an additional 186 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APTV has been the topic of several research reports. Barclays boosted their price target on shares of Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. 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. Argus upgraded shares of Aptiv to a "strong-buy" rating in a research report on Tuesday, February 11th. HSBC upgraded shares of Aptiv from a "hold" rating to a "buy" rating and boosted their price target for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Finally, Hsbc Global Res raised Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. One research 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 stock. According to data from MarketBeat.com, Aptiv currently has an average rating of "Moderate Buy" and an average target price of $82.50.

Aptiv Stock Down 1.3%

Shares of Aptiv stock traded down $0.84 during trading on Friday, hitting $66.13. 1,530,815 shares of the stock traded hands, compared to its average volume of 3,514,499. The stock has a market cap of $14.40 billion, a P/E ratio of 9.61, a PEG ratio of 0.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $85.35. The company has a fifty day moving average price of $58.70 and a two-hundred day moving average price of $59.98.

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

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.