abrdn plc Buys New Stake in Aptiv PLC (NYSE:APTV)

abrdn plc bought a new stake in Aptiv PLC (NYSE:APTV) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 502,429 shares of the auto parts company’s stock, valued at approximately $30,374,000. abrdn plc owned 0.21% of Aptiv at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CENTRAL TRUST Co raised its position in Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after acquiring an additional 677 shares during the period. River Street Advisors LLC grew its holdings in shares of Aptiv by 23.6% during the fourth quarter. River Street Advisors LLC now owns 4,694 shares of the auto parts company’s stock worth $284,000 after buying an additional 895 shares in the last quarter. Caprock Group LLC grew its holdings in shares of Aptiv by 80.2% during the fourth quarter. Caprock Group LLC now owns 9,774 shares of the auto parts company’s stock worth $591,000 after buying an additional 4,351 shares in the last quarter. OLD Second National Bank of Aurora grew its holdings in shares of Aptiv by 13.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 24,308 shares of the auto parts company’s stock worth $1,470,000 after buying an additional 2,893 shares in the last quarter. Finally, Washington Capital Management Inc. purchased a new stake in shares of Aptiv during the fourth quarter worth $336,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Performance

Shares of APTV opened at $61.21 on Thursday. The stock has a 50-day simple moving average of $59.79 and a 200-day simple moving average of $64.27. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The stock has a market capitalization of $14.39 billion, a PE ratio of 6.83, a PEG ratio of 0.55 and a beta of 1.74. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56.

Analyst Upgrades and Downgrades

APTV has been the subject of a number of research reports. Guggenheim reaffirmed a “buy” rating and set a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. Oppenheimer dropped their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. StockNews.com began coverage on shares of Aptiv in a report on Thursday, January 30th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company upped their price objective on shares of Aptiv from $70.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Aptiv Company Profile

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.