Oak Thistle LLC Purchases Shares of 14,309 Aptiv PLC (NYSE:APTV)

Oak Thistle LLC acquired a new position in shares of Aptiv PLC (NYSE:APTV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,309 shares of the auto parts company’s stock, valued at approximately $865,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Federated Hermes Inc. grew its holdings in Aptiv by 12.5% during the 2nd quarter. Federated Hermes Inc. now owns 64,733 shares of the auto parts company’s stock worth $4,558,000 after acquiring an additional 7,188 shares in the last quarter. Edgestream Partners L.P. grew its stake in shares of Aptiv by 201.3% during the second quarter. Edgestream Partners L.P. now owns 9,535 shares of the auto parts company’s stock worth $671,000 after purchasing an additional 6,370 shares in the last quarter. Meiji Yasuda Life Insurance Co increased its holdings in Aptiv by 2.6% in the second quarter. Meiji Yasuda Life Insurance Co now owns 18,627 shares of the auto parts company’s stock valued at $1,312,000 after buying an additional 469 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Aptiv by 2.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 50,593 shares of the auto parts company’s stock valued at $3,563,000 after buying an additional 1,234 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in Aptiv by 25.4% during the 2nd quarter. Amalgamated Bank now owns 73,961 shares of the auto parts company’s stock worth $5,208,000 after buying an additional 14,984 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com initiated coverage on Aptiv in a report on Tuesday. They issued a “hold” rating on the stock. Royal Bank of Canada dropped their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Bank of America reduced their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Guggenheim reaffirmed a “buy” rating and issued a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. Finally, Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.29.

Aptiv Stock Down 1.0 %

Shares of Aptiv stock opened at $60.87 on Thursday. The company has a market cap of $14.31 billion, a P/E ratio of 6.79, a PEG ratio of 0.59 and a beta of 1.75. The firm has a fifty day moving average of $57.49 and a two-hundred day moving average of $65.15. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv PLC has a one year low of $51.47 and a one year high of $88.89.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the firm earned $1.30 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, analysts forecast that Aptiv PLC will post 6.15 earnings per share 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.