Aptiv PLC (NYSE:APTV) Shares Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS raised its position in shares of Aptiv PLC (NYSE:APTV) by 30.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,297 shares of the auto parts company’s stock after purchasing an additional 36,825 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Aptiv were worth $9,574,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of APTV. Proactive Wealth Strategies LLC bought a new stake in Aptiv during the third quarter valued at about $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Aptiv by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after buying an additional 47,215 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Aptiv in the third quarter valued at about $14,893,000. Shorepath Capital Management LLC lifted its stake in shares of Aptiv by 21.8% in the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after buying an additional 11,835 shares during the period. Finally, National Pension Service lifted 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 valued at $36,214,000 after buying an additional 71,633 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on APTV shares. Royal Bank of Canada raised their price target on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Friday, February 7th. Oppenheimer raised their price target on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 7th. StockNews.com assumed coverage on shares of Aptiv in a research report on Saturday. They set a “hold” rating for the company. Finally, Barclays upped their target price on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Stock Performance

Shares of Aptiv stock opened at $66.81 on Wednesday. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week 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 capitalization of $15.70 billion, a P/E ratio of 9.71, a P/E/G ratio of 0.54 and a beta of 1.74. The company’s 50 day moving average price is $61.34 and its two-hundred day moving average price is $64.00.

Aptiv (NYSE:APTV) last issued its earnings results 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, equities analysts forecast that Aptiv PLC will post 7.14 earnings per share for the current fiscal year.

About Aptiv

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.