Washington Capital Management Inc. Makes New $336,000 Investment in Aptiv PLC (NYSE:APTV)

Washington Capital Management Inc. bought a new stake in Aptiv PLC (NYSE:APTV) in the fourth quarter, Holdings Channel reports. The institutional investor bought 5,550 shares of the auto parts company’s stock, valued at approximately $336,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brown Brothers Harriman & Co. boosted its stake in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Aptiv during the 3rd quarter worth about $43,000. Brooklyn Investment Group bought a new stake in Aptiv during the 3rd quarter worth about $43,000. Finally, Mather Group LLC. increased its position in Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after acquiring an additional 176 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on APTV shares. Royal Bank of Canada decreased their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Barclays lowered their target price on Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and upped their price target for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. Guggenheim reiterated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.47.

Aptiv Trading Down 0.1 %

NYSE APTV opened at $62.72 on Thursday. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $88.89. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The stock has a 50 day moving average of $59.04 and a 200-day moving average of $64.61. The company has a market cap of $14.74 billion, a PE ratio of 7.00, a PEG ratio of 0.56 and a beta of 1.75.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the company posted $1.30 EPS. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Aptiv PLC will post 6.15 EPS for the current fiscal year.

Aptiv 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.