Northwestern Mutual Wealth Management Co. boosted its stake in Aptiv PLC (NYSE:APTV – Free Report) by 53.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,417 shares of the auto parts company’s stock after buying an additional 7,765 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Aptiv were worth $1,706,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp raised its position in Aptiv by 1.2% in the 2nd quarter. State Street Corp now owns 9,754,226 shares of the auto parts company’s stock valued at $665,433,000 after buying an additional 111,506 shares during the last quarter. Geode Capital Management LLC raised its position in Aptiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock valued at $441,289,000 after buying an additional 99,876 shares during the last quarter. Nordea Investment Management AB grew its stake in Aptiv by 34.2% in the 4th quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after purchasing an additional 1,167,946 shares during the period. Impax Asset Management Group plc increased its position in shares of Aptiv by 54.5% during the 3rd quarter. Impax Asset Management Group plc now owns 4,523,145 shares of the auto parts company’s stock valued at $389,986,000 after purchasing an additional 1,595,276 shares during the last quarter. Finally, Boston Partners increased its position in shares of Aptiv by 29.2% during the 3rd quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock valued at $361,385,000 after purchasing an additional 948,327 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.
Aptiv Stock Down 5.9%
APTV stock opened at $68.61 on Friday. 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 $14.52 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 1.14 and a beta of 1.45. Aptiv PLC has a fifty-two week low of $51.68 and a fifty-two week high of $88.93. The stock has a fifty day moving average of $60.79 and a 200-day moving average of $71.57.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on APTV shares. HSBC decreased their target price on Aptiv from $81.32 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Wall Street Zen lowered Aptiv from a “buy” rating to a “hold” rating in a research report on Saturday. TD Cowen decreased their target price on Aptiv from $93.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Morgan Stanley raised Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 target price for the company in a research report on Friday, May 8th. Finally, Evercore decreased their target price on Aptiv from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.85.
Insider Buying and Selling at Aptiv
In other news, EVP Katherine H. Ramundo sold 2,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the transaction, the executive vice president owned 163,752 shares in the company, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.06% of the company’s stock.
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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