Atlantic Edge Private Wealth Management LLC Grows Position in Aptiv PLC (NYSE:APTV)

Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Aptiv PLC (NYSE:APTV) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,977 shares of the auto parts company’s stock after purchasing an additional 546 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Aptiv were worth $1,450,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. grew its position in Aptiv by 1,410.3% during the 3rd 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 during the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Aptiv in the 3rd quarter valued at $43,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv in the 3rd quarter valued at $43,000. Finally, Mather Group LLC. boosted its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Friday. Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and boosted their target price 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 target price on shares of Aptiv in a research note on Thursday, December 5th. Wells Fargo & Company boosted their target price on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday. Finally, HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and boosted their target price for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.61.

Aptiv Stock Performance

NYSE:APTV opened at $63.96 on Tuesday. The firm’s fifty day moving average price is $60.23 and its 200 day moving average price is $64.15. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.06. The firm has a market cap of $15.03 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.54 and a beta of 1.74.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating 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%. On average, sell-side analysts expect that Aptiv PLC will post 7.14 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.