SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Aptiv PLC (NYSE:APTV – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 23,100 shares of the auto parts company’s stock, valued at approximately $1,774,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Saranac Partners Ltd purchased a new position in shares of Aptiv during the third quarter worth about $25,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Aptiv during the third quarter worth about $30,000. Larson Financial Group LLC grew its holdings in shares of Aptiv by 240.0% during the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after buying an additional 252 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after buying an additional 398 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC purchased a new position in shares of Aptiv during the third quarter worth about $43,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.
Aptiv Price Performance
Shares of NYSE:APTV opened at $63.67 on Friday. The business’s 50 day simple moving average is $60.61 and its 200-day simple moving average is $71.92. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 1.07 and a beta of 1.42. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. Aptiv PLC has a 12 month low of $51.68 and a 12 month high of $88.93.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on APTV. Wolfe Research raised 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. BNP Paribas Exane lowered their price target on Aptiv from $107.00 to $83.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Barclays lowered their price target on Aptiv from $77.00 to $73.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Fox Advisors lowered their price objective on Aptiv from $110.00 to $70.00 in a report on Friday, May 8th. Finally, Morgan Stanley raised Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price objective on the stock in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.85.
View Our Latest Stock Report on APTV
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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