Dakota Wealth Management Invests $596,000 in Aptiv PLC (NYSE:APTV)

Dakota Wealth Management bought a new stake in shares of Aptiv PLC (NYSE:APTV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 9,849 shares of the auto parts company’s stock, valued at approximately $596,000.

Several other institutional investors and hedge funds have also bought and sold shares of APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 valued at $386,103,000 after buying an additional 5,002,090 shares during the last quarter. Harris Associates L P acquired a new position in Aptiv during the 3rd quarter valued at about $162,640,000. Point72 Asset Management L.P. bought a new stake in Aptiv during the 3rd quarter worth approximately $143,909,000. FMR LLC raised its stake in shares of Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Aptiv by 29.9% in 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 purchasing an additional 1,090,766 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on APTV. Morgan Stanley dropped their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Royal Bank of Canada cut their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Guggenheim reiterated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. Barclays cut their target price on Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, StockNews.com assumed coverage on Aptiv in a research report on Wednesday. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target of $85.06.

Aptiv Stock Performance

NYSE APTV opened at $63.40 on Friday. The company’s 50 day moving average is $58.60 and its 200-day moving average is $64.79. The firm has a market cap of $14.90 billion, a P/E ratio of 7.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $88.89. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 earnings per share. Sell-side analysts predict that Aptiv PLC will post 6.15 earnings per share 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.