Custom Index Systems LLC Purchases Shares of 3,000 Aptiv PLC (NYSE:APTV)

Custom Index Systems LLC purchased a new stake in Aptiv PLC (NYSE:APTVFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,000 shares of the auto parts company’s stock, valued at approximately $269,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Salem Investment Counselors Inc. boosted its stake in shares of Aptiv by 176.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 176 shares in the last quarter. FWL Investment Management LLC acquired a new position in Aptiv during the 4th quarter worth about $30,000. Turtle Creek Wealth Advisors LLC bought a new stake in Aptiv during the 4th quarter worth about $29,000. KB Financial Partners LLC acquired a new stake in shares of Aptiv in the 1st quarter valued at approximately $56,000. Finally, Farther Finance Advisors LLC raised its position in shares of Aptiv by 49.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 518 shares of the auto parts company’s stock valued at $53,000 after acquiring an additional 172 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analysts Set New Price Targets

APTV has been the topic of several research analyst reports. Citigroup dropped their target price on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. JPMorgan Chase & Co. dropped their target price on shares of Aptiv from $135.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Piper Sandler dropped their target price on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Robert W. Baird downgraded shares of Aptiv from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $105.00 to $96.00 in a report on Wednesday, January 3rd. Finally, Guggenheim dropped their target price on shares of Aptiv from $120.00 to $103.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.14.

Check Out Our Latest Research Report on APTV

Insider Activity at Aptiv

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

Aptiv Price Performance

NYSE:APTV opened at $75.77 on Friday. Aptiv PLC has a 1-year low of $71.01 and a 1-year high of $113.60. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $78.78 and a 200 day simple moving average of $83.49. The stock has a market capitalization of $20.66 billion, a PE ratio of 7.31, a P/E/G ratio of 0.96 and a beta of 1.90.

Aptiv (NYSE:APTVGet Free Report) last released its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.95 billion. On average, research analysts expect that Aptiv PLC will post 5.66 EPS for the current fiscal year.

About Aptiv

(Free Report)

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.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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