J. Goldman & Co LP Purchases Shares of 380,827 Aptiv PLC (NYSE:APTV)

J. Goldman & Co LP purchased a new position in Aptiv PLC (NYSE:APTV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 380,827 shares of the auto parts company's stock, valued at approximately $23,032,000. J. Goldman & Co LP owned approximately 0.16% of Aptiv as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in Aptiv by 11.4% during 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 during the last quarter. Boston Common Asset Management LLC boosted its stake in Aptiv by 4.8% during the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock worth $249,000 after purchasing an additional 188 shares during the last quarter. Horizon Investments LLC boosted its position in shares of Aptiv by 6.1% during the 4th quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock valued at $231,000 after acquiring an additional 219 shares during the last quarter. Westpac Banking Corp boosted its position in shares of Aptiv by 21.9% during the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after acquiring an additional 341 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co boosted its position in shares of Aptiv by 1.9% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 19,565 shares of the auto parts company's stock valued at $1,183,000 after acquiring an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Trading Up 0.2%

NYSE:APTV traded up $0.14 on Wednesday, reaching $68.93. 339,843 shares of the company's stock were exchanged, compared to its average volume of 3,491,404. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $15.01 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The business has a fifty day moving average of $58.07 and a 200-day moving average of $59.60. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $85.35.

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

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the company's 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 directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Piper Sandler boosted their price target on shares of Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Oppenheimer boosted their price target on shares of Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target on the stock in a research report on Friday, February 7th. StockNews.com started coverage on shares of Aptiv in a research report on Wednesday. They set a "hold" rating on the stock. Finally, TD Cowen started coverage on shares of Aptiv in a research report on Friday, March 7th. They issued a "buy" rating and a $90.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $82.06.

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.