Forsta AP Fonden raised its holdings in Aptiv PLC (NYSE:APTV – Free Report) by 44.5% during the fourth quarter, HoldingsChannel reports. The firm owned 60,100 shares of the auto parts company’s stock after buying an additional 18,500 shares during the period. Forsta AP Fonden’s holdings in Aptiv were worth $4,573,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB increased its stake in shares of Aptiv by 34.2% during the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after acquiring an additional 1,167,946 shares during the period. Thematics Asset Management increased its stake in shares of Aptiv by 56.9% during the third quarter. Thematics Asset Management now owns 261,454 shares of the auto parts company’s stock worth $22,543,000 after acquiring an additional 94,782 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of Aptiv during the third quarter worth about $297,917,000. Dimensional Fund Advisors LP increased its stake in shares of Aptiv by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,545,257 shares of the auto parts company’s stock worth $219,443,000 after acquiring an additional 65,546 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Aptiv by 55.8% during the third quarter. Envestnet Asset Management Inc. now owns 523,452 shares of the auto parts company’s stock worth $45,132,000 after acquiring an additional 187,452 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.
Aptiv Stock Performance
Shares of APTV opened at $68.52 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 1.13 and a beta of 1.45. The company’s 50 day simple moving average is $60.56 and its 200 day simple moving average is $71.73. Aptiv PLC has a 1 year low of $51.68 and a 1 year high of $88.93.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Aptiv from $83.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. HSBC dropped their price target on shares of Aptiv from $81.32 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Fox Advisors dropped their price target on shares of Aptiv from $110.00 to $70.00 in a research note on Friday, May 8th. Weiss Ratings raised shares of Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, BNP Paribas Exane decreased their price objective on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.85.
Check Out Our Latest Report on APTV
About Aptiv
Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.
Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.
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