Martin Investment Management LLC bought a new position in shares of Aptiv PLC (NYSE:APTV – Free Report) during the 4th quarter, Holdings Channel reports. The fund bought 75,769 shares of the auto parts company’s stock, valued at approximately $5,765,000. Aptiv accounts for approximately 1.5% of Martin Investment Management LLC’s portfolio, making the stock its 21st largest holding.
Several other institutional investors also recently made changes to their positions in APTV. NewEdge Advisors LLC boosted its position in shares of Aptiv by 502.1% during the 1st quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock worth $926,000 after purchasing an additional 12,973 shares in the last quarter. Woodline Partners LP raised its stake in shares of Aptiv by 439.2% during the 1st quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock worth $4,528,000 after buying an additional 61,994 shares during the last quarter. Focus Partners Wealth raised its stake 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 worth $566,000 after buying an additional 4,998 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after buying an additional 398 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Aptiv by 523.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock worth $175,000 after buying an additional 2,150 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.
Aptiv Trading Up 0.8%
NYSE APTV opened at $68.52 on Tuesday. Aptiv PLC has a 12 month low of $51.68 and a 12 month high of $88.93. The company has a 50-day moving average of $60.56 and a 200-day moving average of $71.73. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. The company has a market cap of $14.50 billion, a P/E ratio of 40.54, a P/E/G ratio of 1.13 and a beta of 1.45.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Aptiv from $83.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Robert W. Baird cut their price target on Aptiv from $105.00 to $74.00 and set an “outperform” rating for the company in a research note on Thursday, April 2nd. Barclays lowered their target price on Aptiv from $77.00 to $73.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. HSBC lowered their target price on Aptiv from $81.32 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Finally, Wolfe Research upgraded Aptiv from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.85.
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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