Westwood Holdings Group Inc. Takes $4.23 Million Position in Aptiv PLC (NYSE:APTV)


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Westwood Holdings Group Inc. bought a new position in shares of Aptiv PLC (NYSE:APTV) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 46,138 shares of the auto parts company’s stock, valued at approximately $4,230,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Nachman Norwood & Parrott Inc acquired a new stake in shares of Aptiv during the 3rd quarter worth approximately $25,000. CX Institutional boosted its holdings in Aptiv by 81.9% during the third quarter. CX Institutional now owns 291 shares of the auto parts company’s stock worth $27,000 after buying an additional 131 shares in the last quarter. RMR Wealth Builders acquired a new stake in Aptiv during the second quarter valued at $36,000. Meeder Asset Management Inc. increased its holdings in Aptiv by 26.8% in the third quarter. Meeder Asset Management Inc. now owns 662 shares of the auto parts company’s stock valued at $61,000 after buying an additional 140 shares in the last quarter. Finally, Prospera Financial Services Inc purchased a new position in Aptiv in the third quarter valued at $61,000. 91.57% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP David M. Sherbin sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $90.00, for a total transaction of $990,000.00. Following the completion of the sale, the senior vice president now owns 87,920 shares in the company, valued at approximately $7,912,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joseph R. Massaro sold 4,317 shares of Aptiv stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $96.91, for a total transaction of $418,360.47. Following the sale, the chief financial officer now directly owns 150,736 shares in the company, valued at approximately $14,607,825.76. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Several equities analysts recently weighed in on APTV shares. Evercore ISI upgraded Aptiv from an “in-line” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on Aptiv from $108.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 2nd. Berenberg Bank initiated coverage on Aptiv in a research note on Tuesday, October 6th. They set a “buy” rating and a $115.00 target price for the company. Morgan Stanley lifted their price target on shares of Aptiv from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. Finally, Robert W. Baird initiated coverage on shares of Aptiv in a research report on Monday, October 19th. They set an “outperform” rating and a $117.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $102.72.

APTV stock opened at $114.32 on Friday. Aptiv PLC has a 1 year low of $29.22 and a 1 year high of $116.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.50. The firm has a market capitalization of $30.87 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 6.03 and a beta of 2.24. The business has a 50 day simple moving average of $101.15 and a 200-day simple moving average of $85.15.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 29th. The auto parts company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.34. Aptiv had a return on equity of 8.42% and a net margin of 13.94%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities research analysts expect that Aptiv PLC will post 1.74 EPS for the current year.

Aptiv Company Profile

Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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