Leuthold Group LLC raised its stake in shares of Aptiv PLC (NYSE:APTV – Free Report) by 31.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,014 shares of the auto parts company’s stock after buying an additional 19,301 shares during the period. Leuthold Group LLC’s holdings in Aptiv were worth $6,164,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of APTV. Ameriprise Financial Inc. bought a new position in shares of Aptiv during the 3rd quarter valued at $297,917,000. Impax Asset Management Group plc raised its holdings 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 in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Aptiv by 6,711.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,434,076 shares of the auto parts company’s stock valued at $97,833,000 after purchasing an additional 1,413,022 shares in the last quarter. Man Group plc raised its holdings in shares of Aptiv by 155.8% during the 3rd quarter. Man Group plc now owns 2,045,025 shares of the auto parts company’s stock valued at $176,322,000 after purchasing an additional 1,245,533 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Aptiv by 34.2% during 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 in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.
Aptiv Stock Performance
NYSE APTV opened at $54.39 on Friday. 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 capitalization of $11.51 billion, a price-to-earnings ratio of 32.18, a P/E/G ratio of 0.94 and a beta of 1.42. The company’s fifty day moving average is $63.20 and its two-hundred day moving average is $73.65. Aptiv PLC has a 52-week low of $52.38 and a 52-week high of $88.93.
Analysts Set New Price Targets
APTV has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of Aptiv from $83.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup cut their price target on shares of Aptiv from $109.00 to $92.33 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Piper Sandler raised their price target on shares of Aptiv from $103.00 to $106.00 in a report on Tuesday, February 3rd. Wolfe Research upgraded shares of Aptiv from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, March 6th. Finally, HSBC cut their price target on shares of Aptiv from $81.32 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $84.82.
Read Our Latest Research Report on Aptiv
Aptiv 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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