Virtu Financial LLC Purchases Shares of 13,964 Aptiv PLC $APTV

Virtu Financial LLC purchased a new stake in shares of Aptiv PLC (NYSE:APTV) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 13,964 shares of the auto parts company’s stock, valued at approximately $1,062,000.

Several other institutional investors also recently modified their holdings of APTV. State Street Corp lifted its position in Aptiv by 4.3% during the fourth quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock valued at $765,976,000 after purchasing an additional 419,375 shares during the last quarter. Norges Bank bought a new position in shares of Aptiv in the 4th quarter worth $634,961,000. Geode Capital Management LLC increased its holdings in shares of Aptiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock worth $441,289,000 after buying an additional 99,876 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Aptiv by 34.2% during the 4th quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after buying an additional 1,167,946 shares in the last quarter. Finally, Boston Partners raised its position in shares of Aptiv by 29.2% during the 3rd quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock valued at $361,385,000 after buying an additional 948,327 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Stock Performance

NYSE APTV opened at $63.84 on Monday. The company has a 50-day simple moving average of $61.29 and a two-hundred day simple moving average of $70.90. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. Aptiv PLC has a 12-month low of $51.68 and a 12-month high of $88.93. The firm has a market cap of $13.51 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 1.07 and a beta of 1.45.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the previous year, the business earned $1.69 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities analysts forecast that Aptiv PLC will post 6.37 EPS for the current year.

Insider Transactions at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at $12,821,781.60. The trade was a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on APTV. President Capital assumed coverage on Aptiv in a research note on Wednesday, March 25th. They issued a “buy” rating and a $82.50 target price on the stock. Wells Fargo & Company upped their price objective on Aptiv from $81.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. BNP Paribas Exane reduced their price objective on Aptiv from $107.00 to $83.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. The Goldman Sachs Group raised their price objective on Aptiv from $75.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, Oppenheimer dropped their target price on Aptiv from $106.00 to $84.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Twenty-two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.67.

Aptiv Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.