Firetrail Investments PTY Ltd. lowered its position in shares of Aptiv PLC (NYSE:APTV – Free Report) by 26.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 131,234 shares of the auto parts company’s stock after selling 48,143 shares during the period. Aptiv makes up about 3.3% of Firetrail Investments PTY Ltd.’s portfolio, making the stock its 14th biggest position. Firetrail Investments PTY Ltd.’s holdings in Aptiv were worth $10,034,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC lifted its stake in Aptiv by 2.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 6,776 shares of the auto parts company’s stock worth $584,000 after acquiring an additional 151 shares during the period. Benjamin Edwards Inc. increased its position in Aptiv by 0.5% during the 4th quarter. Benjamin Edwards Inc. now owns 34,728 shares of the auto parts company’s stock valued at $2,642,000 after purchasing an additional 156 shares during the period. CI Investments Inc. increased its position in Aptiv by 11.6% during the 3rd quarter. CI Investments Inc. now owns 1,564 shares of the auto parts company’s stock valued at $135,000 after purchasing an additional 163 shares during the period. Everhart Financial Group Inc. raised its holdings in shares of Aptiv by 4.9% in the 4th quarter. Everhart Financial Group Inc. now owns 3,601 shares of the auto parts company’s stock valued at $274,000 after purchasing an additional 167 shares in the last quarter. Finally, Unified Investment Management raised its holdings in shares of Aptiv by 1.5% in the 3rd quarter. Unified Investment Management now owns 12,223 shares of the auto parts company’s stock valued at $1,054,000 after purchasing an additional 178 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.
Aptiv Stock Performance
Shares of Aptiv stock opened at $57.94 on Friday. Aptiv PLC has a one year low of $52.38 and a one year high of $88.93. The company has a market cap of $12.26 billion, a PE ratio of 34.28, a P/E/G ratio of 1.08 and a beta of 1.42. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.23 and a current ratio of 2.11. The business has a 50-day simple moving average of $65.39 and a 200-day simple moving average of $74.80.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on APTV shares. Wolfe Research upgraded shares of Aptiv from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research note on Friday, March 6th. Barclays lowered their target price on Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a report on Wednesday. Oppenheimer dropped their target price on Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. US Capital Advisors set a $110.00 price target on Aptiv in a research report on Tuesday, January 13th. Finally, Wall Street Zen downgraded Aptiv from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.78.
Check Out Our Latest Research 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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