Compagnie Lombard Odier SCmA cut its position in Aptiv PLC (NYSE:APTV – Free Report) by 20.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,281 shares of the auto parts company’s stock after selling 46,119 shares during the quarter. Compagnie Lombard Odier SCmA owned about 0.08% of Aptiv worth $15,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in Aptiv by 502.1% during the first quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock valued at $926,000 after buying an additional 12,973 shares during the period. Woodline Partners LP raised its holdings in shares of Aptiv by 439.2% in the 1st quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock valued at $4,528,000 after acquiring an additional 61,994 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Aptiv by 110.7% during the 1st quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock valued at $566,000 after acquiring an additional 4,998 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 398 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Aptiv by 35.5% in the second quarter. Janney Montgomery Scott LLC now owns 6,949 shares of the auto parts company’s stock valued at $474,000 after purchasing an additional 1,820 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.
Aptiv Stock Up 1.3%
APTV opened at $83.41 on Tuesday. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $88.93. The company has a current ratio of 1.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.79. The business’s 50-day moving average price is $79.08 and its 200-day moving average price is $79.25. The company has a market cap of $18.02 billion, a P/E ratio of 109.75, a P/E/G ratio of 1.18 and a beta of 1.51.
Wall Street Analysts Forecast Growth
A number of research firms have commented on APTV. JPMorgan Chase & Co. cut their price target on shares of Aptiv from $105.00 to $104.00 and set an “overweight” rating for the company in a research note on Tuesday, February 3rd. Wells Fargo & Company increased their target price on Aptiv from $99.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Fox Advisors upgraded Aptiv from an “equal weight” rating to an “overweight” rating and set a $110.00 price target on the stock in a research report on Tuesday, January 13th. Wall Street Zen lowered Aptiv from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research lowered Aptiv from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $100.60.
Get Our Latest Analysis on APTV
Insider Buying and Selling
In other Aptiv news, EVP Katherine H. Ramundo sold 5,000 shares of the stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $85.00, for a total transaction of $425,000.00. Following the completion of the sale, the executive vice president owned 116,959 shares of the company’s stock, valued at $9,941,515. This represents a 4.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.45% of the stock is owned by corporate 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.
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