Krane Funds Advisors LLC grew its holdings in shares of Aptiv PLC (NYSE:APTV – Free Report) by 40.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,044 shares of the auto parts company’s stock after acquiring an additional 7,490 shares during the period. Krane Funds Advisors LLC’s holdings in Aptiv were worth $1,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Saranac Partners Ltd purchased a new position in Aptiv during the third quarter valued at $25,000. Larson Financial Group LLC raised its stake in shares of 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 during the period. Geneos Wealth Management Inc. lifted its position 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 valued at $29,000 after buying an additional 398 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in shares of Aptiv during the 3rd quarter valued at approximately $30,000. Finally, MUFG Securities EMEA plc purchased a new stake in Aptiv in the 2nd quarter worth approximately $44,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.
Aptiv Stock Up 0.0%
APTV opened at $68.61 on Monday. The company has a market capitalization of $14.52 billion, a PE ratio of 40.60, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45. The firm has a 50-day simple moving average of $60.79 and a two-hundred day simple moving average of $71.53. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. Aptiv PLC has a 52 week low of $51.68 and a 52 week high of $88.93.
Wall Street Analyst Weigh In
Several brokerages have weighed in on APTV. Fox Advisors lowered their price target on shares of Aptiv from $110.00 to $70.00 in a report on Friday, May 8th. TD Cowen lowered their target price on shares of Aptiv from $93.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft cut their price target on Aptiv from $84.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Evercore decreased their price target on Aptiv from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Finally, Robert W. Baird lowered their price objective on Aptiv from $105.00 to $74.00 and set an “outperform” rating on the stock in a research report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given 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 has a consensus rating of “Moderate Buy” and a consensus target price of $82.85.
Get Our Latest Research Report on APTV
Insider Activity
In other news, EVP Katherine H. Ramundo sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the transaction, the executive vice president directly owned 163,752 shares in the company, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by company 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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