Choreo LLC Invests $689,000 in Aptiv PLC (NYSE:APTV)

Choreo LLC bought a new position in Aptiv PLC (NYSE:APTV) during the fourth quarter, HoldingsChannel.com reports. The fund bought 7,679 shares of the auto parts company’s stock, valued at approximately $689,000.

A number of other institutional investors have also recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Aptiv during the fourth quarter valued at $29,000. GAMMA Investing LLC purchased a new stake in shares of Aptiv during the fourth quarter valued at $32,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Aptiv during the fourth quarter valued at $47,000. BluePath Capital Management LLC purchased a new stake in shares of Aptiv during the third quarter valued at $55,000. Finally, Huntington National Bank boosted its position in shares of Aptiv by 248.9% during the third quarter. Huntington National Bank now owns 642 shares of the auto parts company’s stock valued at $63,000 after buying an additional 458 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Down 1.7 %

Shares of APTV opened at $69.78 on Thursday. The business’s 50 day moving average is $76.05 and its 200 day moving average is $80.85. The company has a market capitalization of $19.03 billion, a PE ratio of 6.74, a price-to-earnings-growth ratio of 0.92 and a beta of 1.90. Aptiv PLC has a 12-month low of $68.84 and a 12-month 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.

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

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction that occurred on 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 owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on APTV shares. Barclays dropped their target price on Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Piper Sandler dropped their target price on Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Guggenheim dropped their target price on Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Robert W. Baird cut 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 research report on Wednesday, January 3rd. Finally, Morgan Stanley cut Aptiv from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $90.00 to $74.00 in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.93.

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.