Atlantic Edge Private Wealth Management LLC Raises Stake in Aptiv PLC (NYSE:APTV)

Atlantic Edge Private Wealth Management LLC lifted its position in shares of Aptiv PLC (NYSE:APTV) by 2.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,977 shares of the auto parts company’s stock after acquiring an additional 546 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Aptiv were worth $1,450,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Aptiv by 1,390.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after purchasing an additional 5,002,090 shares during the last quarter. Harris Associates L P acquired a new position in Aptiv in the 3rd quarter valued at about $162,640,000. Point72 Asset Management L.P. acquired a new position in Aptiv in the 3rd quarter valued at about $143,909,000. FMR LLC raised its stake in Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after purchasing an additional 1,294,670 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after buying an additional 1,090,766 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

APTV has been the subject of a number of research reports. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and boosted their target price for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. Oppenheimer boosted their target price on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday. UBS Group upped their price target on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $53.00 to $65.00 in a report on Thursday, January 23rd. Finally, Barclays upped their price target on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Trading Down 0.2 %

NYSE:APTV opened at $63.96 on Tuesday. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.54 and a beta of 1.74. The business has a fifty day moving average of $60.23 and a 200-day moving average of $64.15. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Equities analysts predict that Aptiv PLC will post 7.14 earnings per share for the current year.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.