Allstate Corp Invests $473,000 in Aptiv PLC (NYSE:APTV)

Allstate Corp purchased a new stake in Aptiv PLC (NYSE:APTV) in the fourth quarter, Holdings Channel reports. The firm purchased 7,816 shares of the auto parts company’s stock, valued at approximately $473,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management purchased a new stake in shares of Aptiv in the 4th quarter worth $37,000. CENTRAL TRUST Co raised 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 valued at $52,000 after acquiring an additional 677 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in Aptiv by 93.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 918 shares during the period. Generali Investments CEE investicni spolecnost a.s. bought a new position in Aptiv during the 4th quarter worth about $204,000. Finally, World Investment Advisors LLC bought a new stake in shares of Aptiv in the 3rd quarter valued at about $212,000. Institutional investors own 94.21% of the company’s stock.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares of the company’s stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APTV. Raymond James reiterated a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. HSBC raised Aptiv from a “hold” rating to a “buy” rating and increased their target price for the company from $63.00 to $77.00 in a research report on Tuesday, February 4th. Royal Bank of Canada upped their price objective on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. TD Cowen began coverage on shares of Aptiv in a report on Friday, March 7th. They issued a “buy” rating and a $90.00 target price for the company. Finally, Argus raised shares of Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and an average price target of $86.61.

Aptiv Trading Down 0.7 %

Shares of NYSE:APTV opened at $59.09 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The stock has a market cap of $13.56 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 0.62 and a beta of 1.78. The business has a 50-day moving average price of $63.96 and a 200-day moving average price of $62.87.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Equities analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

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.