Aptiv PLC (NYSE:APTV) Shares Bought by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP grew its stake in Aptiv PLC (NYSE:APTV) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 489,663 shares of the auto parts company’s stock after purchasing an additional 12,027 shares during the quarter. Westfield Capital Management Co. LP owned approximately 0.18% of Aptiv worth $43,933,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in Aptiv in the 4th quarter valued at about $29,000. GAMMA Investing LLC acquired a new position in Aptiv during the 4th quarter worth approximately $32,000. Harvest Fund Management Co. Ltd purchased a new position in Aptiv in the fourth quarter valued at $47,000. First Horizon Advisors Inc. raised its position in shares of Aptiv by 98.0% during the 4th quarter. First Horizon Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $53,000 after acquiring an additional 293 shares in the last quarter. Finally, American National Bank raised its holdings in Aptiv by 85.1% during the fourth quarter. American National Bank now owns 633 shares of the auto parts company’s stock worth $57,000 after purchasing an additional 291 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Royal Bank of Canada dropped their target price on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Oppenheimer reduced their price objective on Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Robert W. Baird lifted their target price on shares of Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, Guggenheim raised their target price on shares of Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $108.31.

Aptiv Stock Performance

NYSE:APTV traded up $2.27 during mid-day trading on Friday, hitting $82.55. 1,689,349 shares of the stock were exchanged, compared to its average volume of 2,708,214. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. The firm’s 50-day simple moving average is $77.34 and its 200 day simple moving average is $80.28. Aptiv PLC has a fifty-two week low of $68.84 and a fifty-two week high of $113.60. The stock has a market capitalization of $22.46 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 0.64 and a beta of 1.90.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. Aptiv’s revenue was up 1.1% on a year-over-year basis. As a group, equities analysts anticipate that Aptiv PLC will post 6.01 EPS for the current fiscal year.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the sale, the senior vice president now owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Aptiv 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.