Robeco Institutional Asset Management B.V. boosted its position in Aptiv PLC (NYSE:APTV – Free Report) by 54.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 491,664 shares of the auto parts company’s stock after buying an additional 172,769 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Aptiv were worth $33,541,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT bought a new stake in Aptiv during the 1st quarter worth approximately $26,000. 1248 Management LLC bought a new stake in Aptiv during the 1st quarter worth approximately $28,000. Geneos Wealth Management Inc. increased its holdings in Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 398 shares in the last quarter. Mather Group LLC. increased its holdings in Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 385 shares in the last quarter. Finally, Eastern Bank bought a new stake in Aptiv during the 1st quarter worth approximately $39,000. 94.21% of the stock is owned by institutional investors.
Aptiv Trading Up 0.7%
Aptiv stock opened at $88.00 on Friday. The stock has a market cap of $19.16 billion, a P/E ratio of 20.14, a PEG ratio of 0.97 and a beta of 1.55. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $88.24. The firm’s fifty day moving average price is $77.99 and its 200-day moving average price is $68.52. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76.
Insider Buying and Selling
In related news, CAO Allan J. Brazier sold 1,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the transaction, the chief accounting officer owned 49,820 shares of the company’s stock, valued at $4,234,700. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of analysts have commented on APTV shares. Wolfe Research lowered Aptiv from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 2nd. Wall Street Zen raised Aptiv from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 23rd. Royal Bank Of Canada boosted their target price on Aptiv from $85.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Robert W. Baird boosted their target price on Aptiv from $84.00 to $97.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 3rd. Finally, Daiwa Capital Markets boosted their target price on Aptiv from $79.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and an average price target of $86.63.
Get Our Latest Stock Report on APTV
About Aptiv
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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