HighTower Advisors LLC boosted its position in Aptiv PLC (NYSE:APTV – Free Report) by 36.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 427,755 shares of the auto parts company’s stock after buying an additional 114,396 shares during the quarter. HighTower Advisors LLC’s holdings in Aptiv were worth $32,548,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in Aptiv by 1.2% during the second quarter. State Street Corp now owns 9,754,226 shares of the auto parts company’s stock worth $665,433,000 after buying an additional 111,506 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Aptiv by 34.2% during the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after buying an additional 1,167,946 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in Aptiv by 54.5% during the third quarter. Impax Asset Management Group plc now owns 4,523,145 shares of the auto parts company’s stock worth $389,986,000 after buying an additional 1,595,276 shares during the last quarter. Boston Partners boosted its holdings in Aptiv by 29.2% during the third quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock worth $361,385,000 after buying an additional 948,327 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Aptiv by 9.0% during the second quarter. Alliancebernstein L.P. now owns 3,831,441 shares of the auto parts company’s stock worth $261,381,000 after buying an additional 315,824 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.
Aptiv Trading Up 2.8%
NYSE:APTV opened at $57.41 on Friday. Aptiv PLC has a fifty-two week low of $51.68 and a fifty-two week high of $88.93. 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 stock has a market capitalization of $12.15 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. The business’s 50-day simple moving average is $61.46 and its 200-day simple moving average is $72.61.
Analyst Ratings Changes
APTV has been the topic of a number of recent analyst reports. Robert W. Baird reduced their target price on Aptiv from $105.00 to $74.00 and set an “outperform” rating on the stock in a report on Thursday, April 2nd. BNP Paribas Exane reduced their target price on Aptiv from $107.00 to $83.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Zacks Research cut Aptiv from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Weiss Ratings upgraded Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, Evercore reduced their target price on Aptiv from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $84.15.
Check Out 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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