Forsta AP Fonden raised its holdings in Aptiv PLC (NYSE:APTV – Free Report) by 44.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,100 shares of the auto parts company’s stock after buying an additional 18,500 shares during the period. Forsta AP Fonden’s holdings in Aptiv were worth $4,573,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APTV. Norges Bank purchased a new position in Aptiv in the 4th quarter valued at approximately $634,961,000. Ameriprise Financial Inc. purchased a new position in Aptiv in the 3rd quarter valued at approximately $297,917,000. Impax Asset Management Group plc boosted its position in Aptiv by 54.5% in the 3rd quarter. Impax Asset Management Group plc now owns 4,523,145 shares of the auto parts company’s stock valued at $389,986,000 after buying an additional 1,595,276 shares during the period. Balyasny Asset Management L.P. boosted its position in Aptiv by 6,711.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,434,076 shares of the auto parts company’s stock valued at $97,833,000 after buying an additional 1,413,022 shares during the period. Finally, Man Group plc boosted its position in Aptiv by 155.8% in the 3rd quarter. Man Group plc now owns 2,045,025 shares of the auto parts company’s stock valued at $176,322,000 after buying an additional 1,245,533 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.
Aptiv Price Performance
Shares of NYSE:APTV opened at $68.52 on Tuesday. 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 firm has a market capitalization 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. Aptiv PLC has a 12 month low of $51.68 and a 12 month high of $88.93. The company’s fifty day moving average price is $60.56 and its 200 day moving average price is $71.73.
Analysts Set New Price Targets
APTV has been the subject of several recent analyst reports. Bank of America initiated coverage on shares of Aptiv in a research report on Wednesday, March 4th. They set a “buy” rating for the company. Morgan Stanley raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price objective for the company in a research report on Friday, May 8th. Fox Advisors decreased their price objective on shares of Aptiv from $110.00 to $70.00 in a research report on Friday, May 8th. Evercore decreased their price objective on shares of Aptiv from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada decreased their price objective on shares of Aptiv from $104.00 to $81.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.85.
View Our Latest Research Report on Aptiv
Aptiv 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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