DSC Advisors L.P. Purchases Shares of 75,000 Aptiv PLC (APTV)
DSC Advisors L.P. purchased a new position in shares of Aptiv PLC (NYSE:APTV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 75,000 shares of the auto parts company’s stock, valued at approximately $6,362,000. Aptiv accounts for about 3.7% of DSC Advisors L.P.’s holdings, making the stock its 10th largest position.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Aptiv in the 4th quarter worth about $1,534,060,000. Lazard Asset Management LLC bought a new stake in shares of Aptiv in the 4th quarter worth about $478,991,000. Longview Partners Guernsey LTD bought a new stake in shares of Aptiv in the 4th quarter worth about $378,094,000. Alliancebernstein L.P. bought a new stake in shares of Aptiv in the 4th quarter worth about $331,936,000. Finally, Generation Investment Management LLP bought a new stake in shares of Aptiv in the 4th quarter worth about $303,480,000. 92.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Aptiv PLC (NYSE APTV) opened at $90.90 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.29 and a current ratio of 1.59. Aptiv PLC has a 1 year low of $61.73 and a 1 year high of $96.91. The firm has a market cap of $24,160.00, a PE ratio of 23.86, a P/E/G ratio of 1.43 and a beta of 1.47.
APTV has been the subject of several research analyst reports. Goldman Sachs Group initiated coverage on shares of Aptiv in a research report on Tuesday, December 5th. They issued a “buy” rating and a $57.00 target price for the company. Bank of America raised shares of Aptiv from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Monday, November 20th. Barclays reissued a “buy” rating and issued a $106.00 target price on shares of Aptiv in a research report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Aptiv from a “hold” rating to a “strong sell” rating in a research report on Monday, December 11th. Finally, Morgan Stanley initiated coverage on shares of Aptiv in a research report on Tuesday, December 5th. They issued an “underweight” rating and a $64.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $97.95.
In other Aptiv news, Director Frank J. Dellaquila acquired 500 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $86.50 per share, with a total value of $43,250.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Paja sold 6,287 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total transaction of $578,906.96. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.
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Aptiv Company Profile
Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.
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