Stratos Wealth Partners LTD. Grows Stake in Aptiv PLC (NYSE:APTV)

Stratos Wealth Partners LTD. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 50.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,481 shares of the auto parts company’s stock after acquiring an additional 2,174 shares during the period. Stratos Wealth Partners LTD.’s holdings in Aptiv were worth $392,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Aptiv by 1,390.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Harris Associates L P bought a new position in Aptiv during the third quarter valued at approximately $162,640,000. Point72 Asset Management L.P. bought a new position in Aptiv during the third quarter valued at approximately $143,909,000. FMR LLC boosted its stake in Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after buying an additional 1,294,670 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after buying an additional 1,090,766 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

APTV has been the subject of a number of research reports. Barclays increased their price target on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. StockNews.com initiated coverage on Aptiv in a research note on Friday, February 7th. They set a “hold” rating for the company. UBS Group increased their price target on Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 7th. TD Cowen dropped their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv Trading Up 1.3 %

APTV opened at $65.48 on Thursday. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The stock’s fifty day moving average is $60.57 and its two-hundred day moving average is $64.09. The company has a market capitalization of $15.39 billion, a P/E ratio of 9.52, a PEG ratio of 0.54 and a beta of 1.74. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating 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%. Analysts forecast that Aptiv PLC will post 7.14 earnings per share for the current year.

About Aptiv

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.