Headlands Technologies LLC Invests $462,000 in Aptiv PLC (NYSE:APTV)

Headlands Technologies LLC bought a new stake in shares of Aptiv PLC (NYSE:APTV) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,154 shares of the auto parts company’s stock, valued at approximately $462,000.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Aptiv by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock valued at $3,092,966,000 after buying an additional 1,265,774 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Aptiv by 65.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,158,382 shares of the auto parts company’s stock worth $193,650,000 after purchasing an additional 850,294 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Aptiv by 138.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock worth $127,121,000 after buying an additional 747,666 shares in the last quarter. Impax Asset Management Group plc lifted its position in Aptiv by 10.7% during the 3rd quarter. Impax Asset Management Group plc now owns 6,790,225 shares of the auto parts company’s stock worth $668,843,000 after buying an additional 656,845 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Aptiv during the 3rd quarter worth about $52,529,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Performance

Aptiv stock traded up $1.08 during mid-day trading on Friday, hitting $71.21. 2,108,159 shares of the company’s stock traded hands, compared to its average volume of 1,940,257. Aptiv PLC has a fifty-two week low of $68.84 and a fifty-two week high of $113.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The stock has a market cap of $19.42 billion, a price-to-earnings ratio of 6.87, a P/E/G ratio of 0.89 and a beta of 1.90. The firm has a 50 day simple moving average of $76.48 and a two-hundred day simple moving average of $81.51.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The company had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.95 billion. On average, research analysts expect that Aptiv PLC will post 5.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on APTV shares. Wells Fargo & Company cut their target price on shares of Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Morgan Stanley downgraded shares of Aptiv from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $90.00 to $74.00 in a research report on Wednesday, February 7th. Robert W. Baird downgraded shares of Aptiv from an “outperform” rating to a “neutral” rating and cut their price target for the company from $105.00 to $96.00 in a research report on Wednesday, January 3rd. Piper Sandler cut their price target on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Finally, Oppenheimer cut their price target on shares of Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.93.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the sale, the senior vice president now directly owns 95,211 shares in the company, valued at $7,396,942.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.

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.