Banque Cantonale Vaudoise lowered its stake in Aptiv PLC (NYSE:APTV – Free Report) by 66.6% in the 4th quarter, HoldingsChannel reports. The fund owned 5,344 shares of the auto parts company’s stock after selling 10,652 shares during the period. Banque Cantonale Vaudoise’s holdings in Aptiv were worth $406,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its position in Aptiv by 1.2% in the second quarter. State Street Corp now owns 9,754,226 shares of the auto parts company’s stock worth $665,433,000 after acquiring an additional 111,506 shares in the last quarter. Nordea Investment Management AB grew its position in Aptiv by 34.2% in 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 acquiring an additional 1,167,946 shares in the last quarter. Impax Asset Management Group plc grew its position in Aptiv by 54.5% in 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 acquiring an additional 1,595,276 shares in the last quarter. Boston Partners grew its position in Aptiv by 29.2% in the third quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock worth $361,385,000 after acquiring an additional 948,327 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Aptiv by 9.0% in the second quarter. Alliancebernstein L.P. now owns 3,831,441 shares of the auto parts company’s stock worth $261,381,000 after acquiring an additional 315,824 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.
Aptiv Stock Performance
Aptiv stock opened at $57.41 on Friday. The company has a 50 day moving average price of $61.46 and a 200-day moving average price of $72.61. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. Aptiv PLC has a fifty-two week low of $51.68 and a fifty-two week high of $88.93. The company has a market capitalization of $12.15 billion, a PE ratio of 33.97, a P/E/G ratio of 0.99 and a beta of 1.42.
Wall Street Analysts Forecast Growth
APTV has been the subject of several analyst reports. Bank of America initiated coverage on shares of Aptiv in a research note on Wednesday, March 4th. They issued a “buy” rating for the company. Zacks Research downgraded shares of Aptiv from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. BNP Paribas Exane decreased their price objective on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Piper Sandler raised their price objective on shares of Aptiv from $103.00 to $106.00 in a research note on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Aptiv from $84.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average target price of $84.15.
Read Our Latest Report on APTV
About Aptiv
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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