Ingalls & Snyder LLC Acquires New Stake in Aptiv PLC (NYSE:APTV)

Ingalls & Snyder LLC acquired a new position in shares of Aptiv PLC (NYSE:APTV) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,606 shares of the auto parts company’s stock, valued at approximately $1,488,000.

Several other hedge funds also recently made changes to their positions in the company. Wolff Wiese Magana LLC raised its holdings in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares in the last quarter. Farther Finance Advisors LLC increased its position in Aptiv by 16.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after purchasing an additional 176 shares during the period. Boston Common Asset Management LLC lifted its holdings in shares of Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after buying an additional 188 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Aptiv by 4.9% in the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock valued at $334,000 after buying an additional 218 shares in the last quarter. Finally, 1834 Investment Advisors Co. raised its position in Aptiv by 6.6% in the third quarter. 1834 Investment Advisors Co. now owns 4,483 shares of the auto parts company’s stock worth $323,000 after acquiring an additional 276 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Trading Up 1.5 %

Shares of Aptiv stock opened at $66.46 on Friday. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The business’s fifty day moving average is $60.75 and its two-hundred day moving average is $64.10. 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 firm has a market cap of $15.62 billion, a PE ratio of 9.66, a P/E/G ratio of 0.54 and a beta of 1.74.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Analysts anticipate that Aptiv PLC will post 7.14 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on APTV. Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $53.00 to $65.00 in a research note on Thursday, January 23rd. Evercore ISI lowered their target price on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday. UBS Group lifted their price target on shares of Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, February 7th. 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 report on Friday, February 7th. Finally, Oppenheimer raised their price objective on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. One 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 stock. Based on data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and an average target price of $85.61.

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.