Ingalls & Snyder LLC Buys New Holdings in Aptiv PLC (NYSE:APTV)

Ingalls & Snyder LLC purchased a new stake in shares of Aptiv PLC (NYSE:APTV) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 24,606 shares of the auto parts company’s stock, valued at approximately $1,488,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. boosted its position in Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares during the period. Wolff Wiese Magana LLC boosted its holdings in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 155 shares during the period. Capital Performance Advisors LLP acquired a new stake in Aptiv in the third quarter valued at approximately $43,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv during the third quarter valued at approximately $43,000. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of Aptiv by 100.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 351 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APTV has been the topic of several analyst reports. Guggenheim reaffirmed a “buy” rating and set a $73.00 price target on shares of Aptiv in a research note on Thursday, December 5th. Argus raised Aptiv to a “strong-buy” rating in a research report on Tuesday. Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and increased their price target for the company from $75.00 to $82.00 in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Morgan Stanley reduced their target price on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Stock Up 1.5 %

NYSE:APTV opened at $66.46 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. The stock has a 50 day moving average of $60.75 and a 200-day moving average of $64.10. The firm has a market capitalization of $15.62 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 0.54 and a beta of 1.74. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping 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%. Analysts predict that Aptiv PLC will post 7.14 EPS 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.