7,816 Shares in Aptiv PLC (NYSE:APTV) Bought by Allstate Corp

Allstate Corp purchased a new stake in shares of Aptiv PLC (NYSE:APTV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,816 shares of the auto parts company’s stock, valued at approximately $473,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Picton Mahoney Asset Management bought a new position in shares of Aptiv during the 4th quarter valued at approximately $37,000. CENTRAL TRUST Co boosted its position in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of Aptiv by 93.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 918 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Aptiv during the 4th quarter valued at $204,000. Finally, World Investment Advisors LLC purchased a new position in shares of Aptiv during the 3rd quarter valued at $212,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on APTV. Oppenheimer raised their price target on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $75.00 to $82.00 in a research note on Monday, January 27th. Piper Sandler upped their price target on Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Wells Fargo & Company lifted their price objective on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, StockNews.com started coverage on shares of Aptiv in a research report on Thursday, March 27th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.61.

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 stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is currently owned by corporate insiders.

Aptiv Stock Performance

NYSE APTV opened at $59.09 on Wednesday. The business’s 50 day moving average price is $63.96 and its 200-day moving average price is $62.87. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The company has a market cap of $13.56 billion, a P/E ratio of 8.59, 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 quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Sell-side analysts predict 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.