CenterBook Partners LP Invests $349,000 in Aptiv PLC (NYSE:APTV)

CenterBook Partners LP acquired a new stake in Aptiv PLC (NYSE:APTV) during the fourth quarter, HoldingsChannel reports. The fund acquired 5,770 shares of the auto parts company’s stock, valued at approximately $349,000.

Several other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management purchased a new position in shares of Aptiv in the 4th quarter valued at about $37,000. CENTRAL TRUST Co grew its holdings in Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after buying an additional 677 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in Aptiv by 163.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 1,145 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Aptiv by 93.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock valued at $115,000 after buying an additional 918 shares during the period. Finally, Westpac Banking Corp lifted its stake in shares of Aptiv by 21.9% during the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 341 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Friday, February 7th. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Royal Bank of Canada lifted their price target on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Piper Sandler upped their price objective on Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Finally, Raymond James reissued a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.78.

Aptiv Price Performance

Shares of APTV stock opened at $48.00 on Friday. The firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The firm has a fifty day moving average of $61.94 and a 200-day moving average of $61.74.

Aptiv (NYSE:APTV) last posted its 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, equities research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current 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.