Diametric Capital LP Buys Shares of 16,070 Aptiv PLC (NYSE:APTV)

Diametric Capital LP purchased a new position in Aptiv PLC (NYSE:APTV) in the fourth quarter, Holdings Channel.com reports. The firm purchased 16,070 shares of the auto parts company’s stock, valued at approximately $972,000.

Other hedge funds have also recently made changes to their positions in the company. South Dakota Investment Council grew its position in Aptiv by 32.9% in the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock worth $7,799,000 after purchasing an additional 31,941 shares during the period. Focus Financial Network Inc. bought a new position in Aptiv in the fourth quarter valued at about $379,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Aptiv during the 3rd quarter valued at about $14,893,000. Finally, Shorepath Capital Management LLC grew its stake in shares of Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after purchasing an additional 11,835 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.45% of the company’s stock.

Aptiv Stock Performance

Shares of NYSE APTV opened at $59.57 on Tuesday. The firm’s fifty day moving average is $64.02 and its two-hundred day moving average is $62.94. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The company has a market cap of $13.67 billion, a P/E ratio of 8.66, a P/E/G ratio of 0.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last posted its 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%. As a group, analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on APTV. Raymond James reissued a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. Piper Sandler boosted their price objective on shares of Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Evercore ISI decreased their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Guggenheim reissued a “buy” rating and set a $73.00 price target on shares of Aptiv in a report on Thursday, December 5th. Finally, UBS Group raised their price objective on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.61.

Aptiv Company 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.