Westwood Holdings Group Inc. Takes Position in Aptiv PLC (NYSE:APTV)

Westwood Holdings Group Inc. purchased a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 230,367 shares of the auto parts company's stock, valued at approximately $13,933,000. Westwood Holdings Group Inc. owned about 0.10% of Aptiv at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in APTV. Picton Mahoney Asset Management purchased a new stake in shares of Aptiv during the fourth quarter worth $37,000. CENTRAL TRUST Co lifted its holdings in shares of 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 buying an additional 677 shares in the last quarter. GeoWealth Management LLC lifted its holdings in shares of 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 buying an additional 1,022 shares in the last quarter. Quarry LP purchased a new stake in Aptiv in the 4th quarter worth approximately $105,000. Finally, Covestor Ltd lifted its stake in Aptiv by 11.4% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after purchasing an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Oppenheimer increased their price objective on Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Morgan Stanley lowered their price target on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a report on Monday. Raymond James reaffirmed a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. Evercore ISI lowered their price objective on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Finally, Royal Bank of Canada raised their price target on Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $82.33.

Insider Buying and Selling at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction dated Monday, March 10th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.45% of the company's stock.

Aptiv Price Performance

APTV stock opened at $67.34 on Tuesday. The firm's 50-day moving average price is $58.37 and its two-hundred day moving average price is $59.68. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $85.35. The stock has a market capitalization of $14.66 billion, a price-to-earnings ratio of 9.79, 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 quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the business earned $1.16 EPS. Aptiv's revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

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.

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