Ladenburg Thalmann Financial Services Inc. purchased a new stake in shares of Aptiv PLC (NYSE:APTV) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,758 shares of the auto parts company’s stock, valued at approximately $488,000.
Several other hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new position in shares of Aptiv during the 4th quarter valued at about $127,000. Huntington National Bank acquired a new position in shares of Aptiv during the 4th quarter valued at about $138,000. Northwestern Mutual Wealth Management Co. acquired a new position in Aptiv in the fourth quarter valued at about $144,000. IFP Advisors Inc acquired a new position in Aptiv in the fourth quarter valued at about $162,000. Finally, Meeder Asset Management Inc. acquired a new position in Aptiv in the fourth quarter valued at about $163,000. 92.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:APTV opened at $83.82 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.29 and a current ratio of 1.59. The stock has a market cap of $22,389.03, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.22 and a beta of 1.49. Aptiv PLC has a 1 year low of $61.73 and a 1 year high of $96.91.
In other news, Director Frank J. Dellaquila bought 500 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $86.50 per share, for a total transaction of $43,250.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Paja sold 6,287 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $92.08, for a total transaction of $578,906.96. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.
A number of research analysts have commented on the stock. BMO Capital Markets decreased their target price on shares of Aptiv to $96.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. Berenberg Bank raised shares of Aptiv from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Wednesday. Robert W. Baird reaffirmed a “buy” rating on shares of Aptiv in a research report on Friday, February 2nd. Finally, Piper Jaffray set a $105.00 target price on shares of Aptiv and gave the company a “buy” rating in a research report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $98.86.
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Aptiv Company Profile
Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.
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