NEOS Investment Management LLC Purchases 1,015 Shares of Aptiv PLC (NYSE:APTV)

NEOS Investment Management LLC raised its position in Aptiv PLC (NYSE:APTVFree Report) by 44.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,282 shares of the auto parts company’s stock after acquiring an additional 1,015 shares during the quarter. NEOS Investment Management LLC’s holdings in Aptiv were worth $294,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of APTV. Wells Fargo & Company MN raised its holdings in Aptiv by 6.3% in the 4th quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock worth $40,881,000 after purchasing an additional 26,933 shares during the period. Gradient Investments LLC lifted its position in shares of Aptiv by 36.1% during the 4th quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock valued at $13,902,000 after buying an additional 41,135 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Aptiv during the 4th quarter valued at approximately $13,120,000. Trillium Asset Management LLC increased its holdings in Aptiv by 33.1% in the 4th quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock worth $32,411,000 after acquiring an additional 89,786 shares in the last quarter. Finally, FIFTHDELTA Ltd bought a new stake in Aptiv during the 4th quarter worth approximately $50,767,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Down 2.6 %

Shares of NYSE APTV opened at $81.59 on Thursday. The company has a market cap of $22.20 billion, a P/E ratio of 7.69, a PEG ratio of 0.67 and a beta of 1.87. The firm has a 50-day simple moving average of $78.02 and a two-hundred day simple moving average of $80.59. Aptiv PLC has a 1 year low of $68.84 and a 1 year high of $113.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89.

Aptiv (NYSE:APTVGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the business earned $0.91 EPS. Aptiv’s revenue was up 1.1% compared to the same quarter last year. Research analysts anticipate that Aptiv PLC will post 6.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

APTV has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Robert W. Baird raised their target price on shares of Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Barclays reduced their price target on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Morgan Stanley downgraded shares of Aptiv from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. Finally, UBS Group lifted their target price on Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $108.31.

Read Our Latest Stock Report on Aptiv

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

Aptiv Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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