J. Goldman & Co LP Takes Position in Aptiv PLC (NYSE:APTV)

J. Goldman & Co LP acquired a new position in shares of Aptiv PLC (NYSE:APTV) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 380,827 shares of the auto parts company’s stock, valued at approximately $23,032,000. J. Goldman & Co LP owned about 0.16% of Aptiv as of its most recent SEC filing.

Several other large investors have also bought and sold shares of APTV. South Dakota Investment Council boosted its position in Aptiv by 32.9% in the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after buying an additional 31,941 shares in the last quarter. Focus Financial Network Inc. acquired a new stake in shares of Aptiv during the 4th quarter valued at $379,000. Shorepath Capital Management LLC grew its position in Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after acquiring an additional 11,835 shares during the last quarter. Diametric Capital LP bought a new stake in Aptiv during the 4th quarter worth $972,000. Finally, abrdn plc bought a new position in Aptiv in the fourth quarter valued at about $30,374,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on APTV shares. 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. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Friday, February 7th. Argus upgraded Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. Finally, Robert W. Baird reduced their target price on Aptiv from $84.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.06.

Aptiv Stock Performance

NYSE APTV opened at $61.97 on Friday. The company has a market cap of $13.49 billion, a P/E ratio of 9.01, a PEG ratio of 0.62 and a beta of 1.44. The company has a fifty day simple moving average of $57.96 and a 200 day simple moving average of $59.62. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $85.35.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the company earned $1.16 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. Sell-side analysts predict that Aptiv PLC will post 7.2 earnings per share 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.