Stratos Wealth Partners LTD. Boosts Position in Aptiv PLC (NYSE:APTV)

Stratos Wealth Partners LTD. grew its holdings in shares of Aptiv PLC (NYSE:APTV) by 50.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,481 shares of the auto parts company’s stock after buying an additional 2,174 shares during the period. Stratos Wealth Partners LTD.’s holdings in Aptiv were worth $392,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Proactive Wealth Strategies LLC purchased a new position in shares of Aptiv during the third quarter valued at approximately $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Aptiv by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after purchasing an additional 47,215 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Aptiv in the third quarter worth $14,893,000. Shorepath Capital Management LLC grew its stake in Aptiv by 21.8% in the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after purchasing an additional 11,835 shares during the period. Finally, National Pension Service grew its stake in Aptiv by 16.6% in the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after purchasing an additional 71,633 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Performance

Shares of APTV opened at $65.48 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The business has a 50-day simple moving average of $60.57 and a two-hundred day simple moving average of $64.09. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.54 and a beta of 1.74. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Royal Bank of Canada upped their price target on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. Barclays upped their price target on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. UBS Group upped their price target on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $75.00 to $82.00 in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.61.

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.