Victory Capital Management Inc. decreased its position in shares of Aptiv PLC (NYSE:APTV – Free Report) by 74.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 852,895 shares of the auto parts company’s stock after selling 2,539,445 shares during the quarter. Victory Capital Management Inc. owned approximately 0.39% of Aptiv worth $73,537,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in shares of Aptiv by 83.8% during the second quarter. True Wealth Design LLC now owns 397 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 181 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings 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 buying an additional 398 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Aptiv during the third quarter valued at about $31,000. Allworth Financial LP lifted its holdings in shares of Aptiv by 175.9% in the second quarter. Allworth Financial LP now owns 560 shares of the auto parts company’s stock worth $38,000 after buying an additional 357 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC purchased a new stake in shares of Aptiv in the third quarter worth about $43,000. 94.21% of the stock is currently owned by institutional investors.
Aptiv Trading Down 1.5%
Shares of APTV opened at $72.26 on Friday. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $88.93. The firm has a market cap of $15.37 billion, a price-to-earnings ratio of 95.08, a PEG ratio of 1.05 and a beta of 1.50. The firm has a 50 day moving average price of $79.63 and a 200-day moving average price of $80.38. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.23 and a current ratio of 1.74.
Insider Buying and Selling at Aptiv
In other news, EVP Katherine H. Ramundo sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $85.00, for a total value of $425,000.00. Following the completion of the sale, the executive vice president owned 116,959 shares of the company’s stock, valued at approximately $9,941,515. The trade was a 4.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. TD Cowen raised their price target on shares of Aptiv from $107.00 to $108.00 in a report on Tuesday, February 3rd. US Capital Advisors set a $110.00 price target on Aptiv in a report on Tuesday, January 13th. Fox Advisors raised Aptiv from an “equal weight” rating to an “overweight” rating and set a $110.00 price objective for the company in a report on Tuesday, January 13th. Oppenheimer raised their target price on shares of Aptiv from $102.00 to $106.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Aptiv from $104.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $100.60.
View Our Latest Stock Analysis 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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