Weiss Asset Management LP Invests $1.55 Million in Aptiv PLC $APTV

Weiss Asset Management LP bought a new stake in shares of Aptiv PLC (NYSE:APTV) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,300 shares of the auto parts company’s stock, valued at approximately $1,549,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC raised its stake in Aptiv by 240.0% in the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after buying an additional 252 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Aptiv during the 4th quarter worth approximately $33,000. DV Equities LLC purchased a new position in shares of Aptiv during the 4th quarter worth approximately $33,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Aptiv by 60.0% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 180 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Aptiv stock opened at $56.56 on Monday. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $11.97 billion, a P/E ratio of 33.47, a PEG ratio of 1.05 and a beta of 1.46. The stock’s 50 day moving average is $61.80 and its 200 day moving average is $67.73. Aptiv PLC has a twelve month low of $51.68 and a twelve month high of $88.93.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The business had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the previous year, the business earned $1.69 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that Aptiv PLC will post 5.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on APTV. Evercore dropped their price target on Aptiv from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Citigroup lowered their price objective on Aptiv from $92.33 to $77.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Oppenheimer dropped their target price on shares of Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Morgan Stanley raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 target price on the stock in a research report on Friday, May 8th. Finally, Robert W. Baird decreased their price target on shares of Aptiv from $105.00 to $74.00 and set an “outperform” rating for the company in a research note on Thursday, April 2nd. Twenty-two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.50.

Insider Buying and Selling at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value 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 $12,821,781.60. The trade was a 1.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by insiders.

Aptiv Company 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.