Empowered Funds LLC Increases Stock Position in Aptiv PLC (NYSE:APTV)

Empowered Funds LLC grew its position in shares of Aptiv PLC (NYSE:APTV) by 2,056.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,118 shares of the auto parts company’s stock after purchasing an additional 131,714 shares during the period. Empowered Funds LLC owned approximately 0.06% of Aptiv worth $8,353,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. grew its holdings 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 valued at $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Aptiv by 44.3% during 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 position in shares of Aptiv in the third quarter valued at $43,000. Brooklyn Investment Group bought a new stake in Aptiv in the third quarter worth $43,000. Finally, Mather Group LLC. raised its stake in Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 176 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

APTV has been the subject of a number of recent research reports. Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $53.00 to $65.00 in a research note on Thursday, January 23rd. HSBC raised Aptiv from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. TD Cowen lowered their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their price target on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong 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 $86.72.

Aptiv Stock Performance

APTV stock opened at $64.09 on Monday. 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 company has a market capitalization of $15.06 billion, a P/E ratio of 9.32, a PEG ratio of 0.54 and a beta of 1.74. The business has a 50-day moving average price of $60.23 and a 200 day moving average price of $64.17.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities research analysts forecast that Aptiv PLC will post 7.14 EPS for the current fiscal year.

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.