Aptiv PLC (NYSE:APTV) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its position in shares of Aptiv PLC (NYSE:APTV) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,663 shares of the auto parts company’s stock after purchasing an additional 577 shares during the period. HighTower Advisors LLC’s holdings in Aptiv were worth $887,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its stake in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares in the last quarter. Brooklyn Investment Group purchased a new position in Aptiv in the third quarter worth $43,000. CENTRAL TRUST Co lifted its holdings in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after acquiring an additional 677 shares during the period. Transamerica Financial Advisors Inc. purchased a new stake in shares of Aptiv during the 3rd quarter worth $64,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of Aptiv by 93.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 918 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on APTV. Guggenheim reissued a “buy” rating and set a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Royal Bank of Canada boosted 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. Barclays raised their price objective on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Oppenheimer boosted their target price on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.45% of the stock is currently owned by insiders.

Aptiv Price Performance

Shares of NYSE:APTV opened at $62.31 on Friday. The company has a market cap of $14.30 billion, a P/E ratio of 9.06, a P/E/G ratio of 0.62 and a beta of 1.78. The business has a fifty day simple moving average of $64.06 and a 200-day simple moving average of $63.08. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Equities research analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Aptiv 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.