Medina Value Partners LLC bought a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 249,664 shares of the auto parts company's stock, valued at approximately $15,100,000. Aptiv makes up approximately 6.2% of Medina Value Partners LLC's portfolio, making the stock its 10th biggest position. Medina Value Partners LLC owned 0.11% of Aptiv as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Aptiv in the fourth quarter valued at about $106,492,000. Pictet Asset Management Holding SA raised its holdings in shares of Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock valued at $102,262,000 after acquiring an additional 1,539,724 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Aptiv by 11.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after acquiring an additional 1,517,104 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after purchasing an additional 1,408,433 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Aptiv by 25.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock valued at $168,619,000 after purchasing an additional 552,066 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.45% of the company's stock.
Aptiv Stock Up 3.0 %
Shares of Aptiv stock traded up $1.52 during trading hours on Tuesday, reaching $52.51. 308,234 shares of the company were exchanged, compared to its average volume of 3,522,421. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.56. The firm has a market cap of $12.05 billion, a PE ratio of 7.63, a PEG ratio of 0.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The stock's fifty day moving average is $60.41 and its 200 day moving average is $60.83.
Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data 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 7.2 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages have recently commented on APTV. Oppenheimer increased their target price on shares of Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Robert W. Baird lowered their target price on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft raised 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. Barclays reissued an "equal weight" rating and set a $55.00 price objective (down previously from $80.00) on shares of Aptiv in a research note on Tuesday, April 15th. Finally, Hsbc Global Res upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $81.94.
Read Our Latest Analysis on APTV
Aptiv Company Profile
(
Free Report)
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.
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