Virtu Financial LLC Makes New $1.06 Million Investment in Aptiv PLC $APTV

Virtu Financial LLC acquired a new stake in shares of Aptiv PLC (NYSE:APTV) in the 4th quarter, HoldingsChannel reports. The fund acquired 13,964 shares of the auto parts company’s stock, valued at approximately $1,062,000.

A number of other institutional investors also recently modified their holdings of the company. Alberta Investment Management Corp raised its position in Aptiv by 387.5% during the 4th quarter. Alberta Investment Management Corp now owns 277,400 shares of the auto parts company’s stock valued at $21,107,000 after purchasing an additional 220,500 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Aptiv by 6.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 19,394 shares of the auto parts company’s stock worth $1,476,000 after buying an additional 1,097 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Aptiv in the 4th quarter worth approximately $367,000. Mackenzie Financial Corp increased its stake in shares of Aptiv by 13.3% during the fourth quarter. Mackenzie Financial Corp now owns 195,932 shares of the auto parts company’s stock valued at $15,038,000 after buying an additional 23,073 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Aptiv by 1.7% during the fourth quarter. Empowered Funds LLC now owns 226,145 shares of the auto parts company’s stock valued at $17,207,000 after buying an additional 3,694 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Performance

Shares of APTV stock opened at $63.84 on Monday. The company’s fifty day moving average price is $61.29 and its 200-day moving average price is $70.90. The stock has a market cap of $13.51 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 1.07 and a beta of 1.45. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98. Aptiv PLC has a 12 month low of $51.68 and a 12 month high of $88.93.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same period last year, the business earned $1.69 EPS. Aptiv’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Aptiv PLC will post 6.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Fox Advisors dropped their price target on Aptiv from $110.00 to $70.00 in a research note on Friday, May 8th. Citigroup reduced their price objective on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Wall Street Zen lowered shares of Aptiv from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Robert W. Baird dropped their target price on shares of Aptiv from $105.00 to $74.00 and set an “outperform” rating for the company in a research report on Thursday, April 2nd. Finally, Oppenheimer cut their target price on shares of Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.67.

Insiders Place Their Bets

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the transaction, the executive vice president owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

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.