Marathon Trading Investment Management LLC Makes New $1.29 Million Investment in Aptiv PLC (NYSE:APTV)

Marathon Trading Investment Management LLC bought a new position in shares of Aptiv PLC (NYSE:APTV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,311 shares of the auto parts company’s stock, valued at approximately $1,289,000.

Several other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its stake in shares of Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 409 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Aptiv during the third quarter valued at approximately $43,000. Brooklyn Investment Group purchased a new position in shares of Aptiv during the third quarter valued at approximately $43,000. CENTRAL TRUST Co boosted its position in shares of Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Aptiv in the 3rd quarter worth approximately $64,000. Institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

APTV has been the topic of several analyst reports. TD Cowen began coverage on Aptiv in a report on Friday. They issued a “buy” rating and a $90.00 target price on the stock. Royal Bank of Canada upped their price target on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Morgan Stanley reduced their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Barclays upped their target price on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Aptiv Trading Down 3.6 %

Shares of Aptiv stock opened at $64.40 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The stock has a market capitalization of $14.78 billion, a PE ratio of 9.36, a P/E/G ratio of 0.62 and a beta of 1.78. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The company’s fifty day simple moving average is $63.42 and its 200-day simple moving average is $63.66.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Aptiv Company 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.