Intech Investment Management LLC lessened its holdings in shares of Aptiv PLC (NYSE:APTV – Free Report) by 64.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,155 shares of the auto parts company’s stock after selling 128,092 shares during the quarter. Intech Investment Management LLC’s holdings in Aptiv were worth $5,490,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of APTV. NewEdge Advisors LLC increased its stake in Aptiv by 502.1% during the 1st quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock valued at $926,000 after purchasing an additional 12,973 shares in the last quarter. Woodline Partners LP increased its stake in Aptiv by 439.2% during the 1st quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock valued at $4,528,000 after purchasing an additional 61,994 shares in the last quarter. Focus Partners Wealth increased its stake in Aptiv by 110.7% during the 1st quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock valued at $566,000 after purchasing an additional 4,998 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Aptiv by 523.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock valued at $175,000 after purchasing an additional 2,150 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.
Aptiv Stock Performance
NYSE APTV opened at $68.13 on Monday. Aptiv PLC has a 1 year low of $51.68 and a 1 year high of $88.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. The firm has a market cap of $14.42 billion, a price-to-earnings ratio of 40.31, a PEG ratio of 1.13 and a beta of 1.45. The company has a fifty day moving average price of $60.57 and a 200-day moving average price of $71.82.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Zacks Research lowered shares of Aptiv from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Royal Bank Of Canada decreased their price target on shares of Aptiv from $104.00 to $81.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Wells Fargo & Company boosted their price target on shares of Aptiv from $81.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of Aptiv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Piper Sandler boosted their price target on shares of Aptiv from $103.00 to $106.00 in a research note on Tuesday, February 3rd. One 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.85.
Read Our Latest Stock Report on APTV
Aptiv Company Profile
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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