24,930 Shares in Aptiv PLC (NYSE:APTV) Purchased by Fisher Funds Management LTD

Fisher Funds Management LTD acquired a new stake in Aptiv PLC (NYSE:APTV) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 24,930 shares of the auto parts company’s stock, valued at approximately $1,444,000.

Other hedge funds have also recently modified their holdings of the company. Proactive Wealth Strategies LLC purchased a new stake in shares of Aptiv during the third quarter valued at approximately $1,815,000. Focus Financial Network Inc. purchased a new stake in shares of Aptiv during the 4th quarter valued at $379,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Aptiv by 73.6% during the 3rd 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 bought a new stake in shares of Aptiv during the 3rd quarter worth $14,893,000. Finally, Shorepath Capital Management LLC boosted its holdings in shares of Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after buying an additional 11,835 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

APTV has been the topic of several research reports. Oppenheimer lifted their price objective on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $75.00 to $82.00 in a research note on Monday, January 27th. Barclays raised their target price on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Evercore ISI lowered their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Finally, Raymond James reiterated a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.61.

Aptiv Price Performance

NYSE:APTV opened at $66.65 on Monday. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The stock has a fifty day moving average of $62.02 and a 200 day moving average of $63.94. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 9.69, a P/E/G ratio of 0.63 and a beta of 1.74.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating 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, research analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

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.