Russell Investments Group Ltd. grew its position in shares of Aptiv PLC (NYSE:APTV – Free Report) by 10.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 465,448 shares of the auto parts company’s stock after purchasing an additional 42,438 shares during the quarter. Russell Investments Group Ltd. owned 0.22% of Aptiv worth $39,981,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its stake in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after buying an additional 398 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in Aptiv during the third quarter valued at about $30,000. Root Financial Partners LLC acquired a new position in Aptiv during the third quarter worth about $31,000. Allworth Financial LP grew its holdings in Aptiv by 175.9% during the second quarter. Allworth Financial LP now owns 560 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 357 shares during the period. Finally, GPS Wealth Strategies Group LLC bought a new stake in Aptiv in the third quarter worth about $43,000. Institutional investors own 94.21% of the company’s stock.
Aptiv Price Performance
NYSE APTV opened at $70.32 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.79. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $88.93. The company has a market cap of $14.96 billion, a PE ratio of 92.52, a PEG ratio of 1.04 and a beta of 1.50. The stock’s 50-day moving average price is $79.26 and its two-hundred day moving average price is $80.31.
Insider Activity at Aptiv
In related news, EVP Katherine H. Ramundo sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $85.00, for a total value of $425,000.00. Following the completion of the transaction, the executive vice president owned 116,959 shares of the company’s stock, valued at approximately $9,941,515. This trade represents a 4.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently weighed in on APTV. Morgan Stanley set a $84.00 price objective on shares of Aptiv and gave the company an “equal weight” rating in a research report on Monday, December 8th. BNP Paribas Exane boosted their target price on shares of Aptiv from $100.00 to $107.00 in a report on Friday, November 21st. Oppenheimer increased their target price on shares of Aptiv from $102.00 to $106.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Aptiv from $104.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, TD Cowen upped their price target on Aptiv from $107.00 to $108.00 in a report on Tuesday, February 3rd. Fifteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.86.
Read Our Latest Report 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.
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