Aptiv PLC (NYSE:APTV) Shares Bought by Olstein Capital Management L.P.

Olstein Capital Management L.P. increased its stake in Aptiv PLC (NYSE:APTV) by 25.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 137,000 shares of the auto parts company’s stock after acquiring an additional 28,000 shares during the quarter. Aptiv makes up 1.5% of Olstein Capital Management L.P.’s holdings, making the stock its 20th largest holding. Olstein Capital Management L.P.’s holdings in Aptiv were worth $8,286,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its position in Aptiv by 23.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 200,924 shares of the auto parts company’s stock worth $12,152,000 after purchasing an additional 38,554 shares in the last quarter. Dakota Wealth Management purchased a new position in shares of Aptiv during the fourth quarter valued at $596,000. Nisa Investment Advisors LLC raised its position in Aptiv by 44.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 37,289 shares of the auto parts company’s stock valued at $2,255,000 after buying an additional 11,469 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Aptiv by 5.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 11,826 shares of the auto parts company’s stock worth $715,000 after acquiring an additional 624 shares in the last quarter. Finally, Gilman Hill Asset Management LLC boosted its position in Aptiv by 169.1% during the 4th quarter. Gilman Hill Asset Management LLC now owns 45,875 shares of the auto parts company’s stock worth $2,775,000 after acquiring an additional 28,828 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $53.00 to $65.00 in a research note on Thursday. Bank of America reduced their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Morgan Stanley dropped their target price on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $85.06.

Aptiv Trading Down 0.8 %

Shares of NYSE:APTV opened at $63.40 on Friday. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $88.89. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The company has a market cap of $14.90 billion, a P/E ratio of 7.08, a P/E/G ratio of 0.56 and a beta of 1.75. The stock’s 50-day moving average is $58.60 and its 200-day moving average is $64.79.

Aptiv (NYSE:APTV) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the business posted $1.30 EPS. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities research 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.