Aptiv PLC (NYSE:APTV) Position Lifted by NEOS Investment Management LLC

NEOS Investment Management LLC raised its stake in Aptiv PLC (NYSE:APTV) by 28.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,184 shares of the auto parts company’s stock after purchasing an additional 2,483 shares during the period. NEOS Investment Management LLC’s holdings in Aptiv were worth $676,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of APTV. Bridgewater Associates LP acquired a new stake in Aptiv during the third quarter valued at approximately $1,075,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after acquiring an additional 47,215 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Aptiv by 433.3% during the 3rd quarter. Verition Fund Management LLC now owns 34,544 shares of the auto parts company’s stock valued at $2,488,000 after acquiring an additional 28,067 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Aptiv during the third quarter worth $989,000. Finally, Paloma Partners Management Co bought a new position in Aptiv during the third quarter worth $6,128,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on APTV. Piper Sandler increased their target price on shares of Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Friday, February 7th. Argus raised Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Finally, StockNews.com started coverage on Aptiv in a research report on Thursday. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Aptiv Stock Performance

Shares of NYSE APTV opened at $60.58 on Monday. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56. The firm has a market cap of $13.90 billion, a P/E ratio of 8.80, a PEG ratio of 0.62 and a beta of 1.78. The stock has a fifty day moving average price of $64.05 and a two-hundred day moving average price of $62.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share 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%. Research analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal 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.