Quantessence Capital LLC Takes $868,000 Position in Aptiv PLC (NYSE:APTV)

Quantessence Capital LLC purchased a new stake in Aptiv PLC (NYSE:APTV - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,350 shares of the auto parts company's stock, valued at approximately $868,000.

A number of other large investors also recently added to or reduced their stakes in the stock. South Dakota Investment Council raised its holdings in shares of Aptiv by 32.9% during the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock worth $7,799,000 after acquiring an additional 31,941 shares during the period. Focus Financial Network Inc. acquired a new stake in shares of Aptiv during the 4th quarter worth approximately $379,000. Shorepath Capital Management LLC raised its position in shares of Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company's stock valued at $3,998,000 after buying an additional 11,835 shares during the period. Diametric Capital LP acquired a new position in Aptiv in the fourth quarter valued at approximately $972,000. Finally, abrdn plc purchased a new position in Aptiv in the fourth quarter worth approximately $30,374,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Up 1.7 %

Shares of NYSE:APTV traded up $0.94 during trading hours on Friday, reaching $56.00. The stock had a trading volume of 1,451,948 shares, compared to its average volume of 3,543,977. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 0.62 and a beta of 1.64. The firm's 50 day moving average is $59.39 and its 200-day moving average is $60.44.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Piper Sandler upped their price target on Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Raymond James reaffirmed a "market perform" rating on shares of Aptiv in a research report on Monday, February 3rd. Royal Bank of Canada lifted their price target on shares of Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price objective on the stock in a report on Friday, February 7th. Finally, Robert W. Baird cut their target price on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. One investment 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 stock. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.94.

Insider Buying and Selling

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 directly owns 125,237 shares of the company's stock, valued at $8,203,023.50. This represents a 10.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is currently owned by company insiders.

Aptiv 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.