Fisher Funds Management LTD Takes Position in Aptiv PLC (NYSE:APTV)

Fisher Funds Management LTD bought a new position in Aptiv PLC (NYSE:APTV) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 24,930 shares of the auto parts company’s stock, valued at approximately $1,444,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. increased its holdings in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares during the period. Capital Performance Advisors LLP bought a new position in Aptiv during the 3rd quarter worth approximately $43,000. Brooklyn Investment Group purchased a new position in Aptiv in the 3rd quarter worth approximately $43,000. Hazlett Burt & Watson Inc. lifted its position in Aptiv by 100.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 351 shares during the last quarter. Finally, CENTRAL TRUST Co grew its holdings 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 last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of APTV opened at $66.65 on Monday. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The firm’s 50-day simple moving average is $62.02 and its two-hundred day simple moving average is $63.94. The stock has a market cap of $15.29 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 0.63 and a beta of 1.74. 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 results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on APTV. Robert W. Baird raised shares of 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 research report on Monday, January 27th. Guggenheim reaffirmed a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $53.00 to $65.00 in a research note on Thursday, January 23rd. TD Cowen dropped their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, UBS Group boosted their target price on Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $85.61.

Aptiv 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.