Aptiv PLC (NYSE:APTV) Shares Acquired by Ellis Investment Partners LLC

Ellis Investment Partners LLC grew its stake in Aptiv PLC (NYSE:APTVFree Report) by 101.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,799 shares of the auto parts company’s stock after acquiring an additional 4,932 shares during the quarter. Ellis Investment Partners LLC’s holdings in Aptiv were worth $879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in Aptiv by 4.2% during the third quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after purchasing an additional 1,265,774 shares during the period. Impax Asset Management Group plc increased its stake in Aptiv by 7.1% during the fourth quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock worth $651,978,000 after purchasing an additional 483,157 shares during the period. Geode Capital Management LLC increased its stake in shares of Aptiv by 2.2% during the first quarter. Geode Capital Management LLC now owns 5,614,676 shares of the auto parts company’s stock worth $628,481,000 after buying an additional 123,352 shares during the period. American Century Companies Inc. increased its stake in shares of Aptiv by 1.1% during the third quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock worth $496,706,000 after buying an additional 53,288 shares during the period. Finally, Norges Bank purchased a new stake in shares of Aptiv during the fourth quarter worth approximately $382,261,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on APTV shares. Piper Sandler cut their target price on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Robert W. Baird lowered shares of Aptiv from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Barclays dropped their price target on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday. Guggenheim dropped their price target on shares of Aptiv from $120.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Finally, Wells Fargo & Company dropped their price target on shares of Aptiv from $84.00 to $83.00 in a research note on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $111.14.

Get Our Latest Analysis on Aptiv

Insider Activity

In other news, SVP Benjamin Lyon sold 18,680 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the transaction, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.34% of the company’s stock.

Aptiv Price Performance

NYSE:APTV traded down $1.58 during trading hours on Friday, hitting $74.19. The company’s stock had a trading volume of 1,740,494 shares, compared to its average volume of 2,715,168. The business’s 50-day moving average is $78.78 and its two-hundred day moving average is $83.49. The company has a market capitalization of $20.23 billion, a PE ratio of 7.13, a PEG ratio of 0.96 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. Aptiv PLC has a 52-week low of $71.01 and a 52-week high of $113.60.

Aptiv (NYSE:APTVGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. As a group, research analysts anticipate that Aptiv PLC will post 5.66 EPS for the current fiscal year.

About Aptiv

(Free Report)

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.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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