Sanctuary Advisors LLC grew its stake in Aptiv PLC (NYSE:APTV – Free Report) by 135.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 102,221 shares of the auto parts company’s stock after buying an additional 58,831 shares during the period. Sanctuary Advisors LLC’s holdings in Aptiv were worth $7,778,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of APTV. NewEdge Advisors LLC grew its position in shares of Aptiv by 502.1% during the first 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 increased its position 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 valued at $4,528,000 after purchasing an additional 61,994 shares during the last quarter. Focus Partners Wealth raised its position in Aptiv by 110.7% in the 1st quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock worth $566,000 after purchasing an additional 4,998 shares during the period. Geneos Wealth Management Inc. grew its position in Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 398 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Aptiv by 523.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock worth $175,000 after purchasing an additional 2,150 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.
Aptiv Stock Performance
NYSE APTV opened at $59.16 on Wednesday. The stock has a 50-day moving average of $67.62 and a 200 day moving average of $75.70. Aptiv PLC has a twelve month low of $55.01 and a twelve month high of $88.93. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 77.84, a PEG ratio of 0.94 and a beta of 1.51. The company has a current ratio of 1.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.79.
Analyst Upgrades and Downgrades
Several research analysts have commented on APTV shares. Robert W. Baird reduced their price objective on Aptiv from $105.00 to $74.00 and set an “outperform” rating on the stock in a report on Thursday, April 2nd. HSBC cut their price target on Aptiv from $81.32 to $75.00 and set a “buy” rating on the stock in a research note on Monday. Fox Advisors raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $110.00 target price on the stock in a research report on Tuesday, January 13th. UBS Group reduced their price target on Aptiv from $97.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, Barclays lowered their target price on shares of Aptiv from $105.00 to $77.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $89.37.
Check Out Our Latest Analysis on Aptiv
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.
See Also
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