Aptiv PLC (NYSE:APTV) Stock Position Lifted by Rafferty Asset Management LLC

Rafferty Asset Management LLC grew its position in shares of Aptiv PLC (NYSE:APTV) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,669 shares of the auto parts company’s stock after buying an additional 341 shares during the period. Rafferty Asset Management LLC’s holdings in Aptiv were worth $1,552,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in APTV. Raiffeisen Bank International AG acquired a new position in Aptiv during the 4th quarter valued at approximately $5,410,000. Polar Asset Management Partners Inc. bought a new stake in Aptiv during the 4th quarter valued at $2,891,000. ProShare Advisors LLC raised its stake in Aptiv by 0.5% during the 4th quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company’s stock valued at $3,128,000 after acquiring an additional 248 shares in the last quarter. Quantinno Capital Management LP raised its stake in Aptiv by 105.0% during the 4th quarter. Quantinno Capital Management LP now owns 29,417 shares of the auto parts company’s stock valued at $1,779,000 after acquiring an additional 15,067 shares in the last quarter. Finally, Mufg Securities Americas Inc. bought a new stake in Aptiv during the 4th quarter valued at $210,000. Institutional investors own 94.21% of the company’s stock.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. StockNews.com assumed coverage on Aptiv in a research note on Wednesday, May 14th. They set a “hold” rating on the stock. Guggenheim cut their target price on Aptiv from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Evercore ISI dropped their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Oppenheimer boosted their price objective on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $82.33.

Aptiv Stock Up 0.1%

Shares of Aptiv stock opened at $67.42 on Wednesday. The firm has a market cap of $14.68 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 0.62 and a beta of 1.44. The stock has a 50-day simple moving average of $58.47 and a 200-day simple moving average of $59.74. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $85.35. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.55 by $0.14. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 EPS. On average, equities research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal 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.