Ensign Peak Advisors Inc Increases Stake in Aptiv PLC (NYSE:APTV)

Ensign Peak Advisors Inc raised its position in Aptiv PLC (NYSE:APTV - Free Report) by 18.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,723 shares of the auto parts company's stock after acquiring an additional 16,700 shares during the quarter. Ensign Peak Advisors Inc's holdings in Aptiv were worth $6,636,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Picton Mahoney Asset Management bought a new stake in shares of Aptiv during the 4th quarter valued at about $37,000. CENTRAL TRUST Co boosted its stake in shares of Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after purchasing an additional 677 shares in the last quarter. GeoWealth Management LLC boosted its stake in shares of Aptiv by 203.2% during the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock valued at $92,000 after purchasing an additional 1,022 shares in the last quarter. Quarry LP bought a new stake in shares of Aptiv during the 4th quarter valued at about $105,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in shares of Aptiv by 163.1% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock valued at $110,000 after purchasing an additional 1,145 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Stock Up 0.2%

Shares of NYSE APTV traded up $0.11 during midday trading on Friday, hitting $68.21. The stock had a trading volume of 1,765,220 shares, compared to its average volume of 3,515,606. The business's 50 day moving average is $58.30 and its 200-day moving average is $59.65. The company has a market cap of $14.85 billion, a P/E ratio of 9.91, a PEG ratio of 0.62 and a beta of 1.44. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $85.35. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the previous year, the company earned $1.16 earnings per share. The firm's quarterly revenue was down 1.6% on a year-over-year basis. As a group, analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares of the company's stock, 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 at the SEC website. 0.45% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Argus raised shares of Aptiv to a "strong-buy" rating in a research note on Tuesday, February 11th. Royal Bank of Canada boosted their price objective on shares of Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Hsbc Global Res raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. TD Cowen assumed coverage on shares of Aptiv in a research note on Friday, March 7th. They set a "buy" rating and a $90.00 price objective on the stock. Finally, Evercore ISI dropped their price objective on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $82.06.

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.