Empowered Funds LLC Increases Stock Holdings in Aptiv PLC (NYSE:APTV)

Empowered Funds LLC grew its stake in Aptiv PLC (NYSE:APTV) by 2,056.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,118 shares of the auto parts company’s stock after buying an additional 131,714 shares during the period. Empowered Funds LLC’s holdings in Aptiv were worth $8,353,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APTV. Proactive Wealth Strategies LLC purchased a new position in shares of Aptiv in the third quarter worth about $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after buying an additional 47,215 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Aptiv during the 3rd quarter worth approximately $14,893,000. Shorepath Capital Management LLC boosted its holdings in shares of Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after acquiring an additional 11,835 shares during the last quarter. Finally, National Pension Service increased its stake in shares of Aptiv by 16.6% in the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after acquiring an additional 71,633 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 1.0 %

Shares of Aptiv stock opened at $64.09 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56. The firm has a market capitalization of $15.06 billion, a PE ratio of 9.32, a P/E/G ratio of 0.54 and a beta of 1.74. The firm’s 50-day moving average price is $60.23 and its 200 day moving average price is $64.17.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, sell-side analysts predict that Aptiv PLC will post 7.14 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com started coverage on Aptiv in a report on Friday. They issued a “hold” rating for the company. Wells Fargo & Company raised their target price on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday. Oppenheimer boosted their price target on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday. Finally, Barclays raised their price objective on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.72.

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.