Bearing Point Capital LLC bought a new stake in Aptiv PLC (NYSE:APTV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 46,656 shares of the auto parts company's stock, valued at approximately $2,822,000.
Other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Aptiv by 11.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock valued at $864,206,000 after acquiring an additional 1,517,104 shares during the last quarter. FMR LLC lifted its holdings in shares of Aptiv by 1.7% during the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock worth $470,247,000 after purchasing an additional 126,882 shares during the period. Franklin Resources Inc. grew its stake in shares of Aptiv by 29.7% in 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 during the last quarter. Victory Capital Management Inc. raised its position in Aptiv by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock worth $234,799,000 after purchasing an additional 223,831 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Aptiv by 19.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock valued at $172,117,000 after buying an additional 468,069 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on APTV shares. Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. StockNews.com initiated coverage on Aptiv in a research report on Tuesday. They issued a "hold" rating for the company. TD Cowen began coverage on Aptiv in a report on Friday, March 7th. They issued a "buy" rating and a $90.00 target price on the stock. Evercore ISI decreased their price objective on Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Finally, Royal Bank of Canada upped their price target on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $82.06.
Check Out Our Latest Analysis on APTV
Insider Buying and Selling
In other news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.45% of the stock is currently owned by insiders.
Aptiv Stock Performance
Shares of APTV traded down $0.53 during trading hours on Tuesday, hitting $58.26. The company's stock had a trading volume of 2,141,913 shares, compared to its average volume of 3,489,263. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 0.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The business has a 50 day simple moving average of $58.16 and a two-hundred day simple moving average of $59.81. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $85.56.
Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.
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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