Plato Investment Management Ltd Purchases 6,268 Shares of Aptiv PLC (NYSE:APTV)

Plato Investment Management Ltd raised its position in Aptiv PLC (NYSE:APTV) by 99.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,588 shares of the auto parts company’s stock after buying an additional 6,268 shares during the period. Plato Investment Management Ltd’s holdings in Aptiv were worth $764,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of Aptiv by 16.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after acquiring an additional 176 shares in the last quarter. Boston Common Asset Management LLC boosted its stake in Aptiv by 4.8% in the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock worth $249,000 after purchasing an additional 188 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Aptiv by 4.9% during the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock worth $334,000 after purchasing an additional 218 shares during the last quarter. 1834 Investment Advisors Co. increased its stake in shares of Aptiv by 6.6% in the third quarter. 1834 Investment Advisors Co. now owns 4,483 shares of the auto parts company’s stock valued at $323,000 after buying an additional 276 shares in the last quarter. Finally, Palmer Knight Co raised its holdings in shares of Aptiv by 0.6% in the third quarter. Palmer Knight Co now owns 52,133 shares of the auto parts company’s stock valued at $3,754,000 after buying an additional 297 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Price Performance

APTV opened at $62.74 on Wednesday. The stock has a market cap of $14.40 billion, a P/E ratio of 9.12, a P/E/G ratio of 0.62 and a beta of 1.74. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of $63.00 and a 200 day simple moving average of $63.81.

Aptiv (NYSE:APTV) last released its quarterly earnings results 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%. On average, research analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Analysts Set New Price Targets

APTV has been the topic of a number of research analyst reports. Guggenheim reissued a “buy” rating and set a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and raised their price target for the company from $63.00 to $77.00 in a report on Tuesday, February 4th. Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $75.00 to $82.00 in a report on Monday, January 27th. Royal Bank of Canada lifted their target price on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Evercore ISI cut their price target on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $85.61.

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.