AQR Capital Management LLC Buys 235,745 Shares of Aptiv PLC (NYSE:APTV)

AQR Capital Management LLC increased its stake in Aptiv PLC (NYSE:APTV - Free Report) by 241.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,200 shares of the auto parts company's stock after acquiring an additional 235,745 shares during the period. AQR Capital Management LLC owned approximately 0.15% of Aptiv worth $20,152,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew 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 worth $864,206,000 after purchasing an additional 1,517,104 shares during the last quarter. FMR LLC grew its position in Aptiv by 1.7% in the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock worth $470,247,000 after buying an additional 126,882 shares during the last quarter. Franklin Resources Inc. increased its holdings 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 valued at $371,767,000 after buying an additional 1,408,433 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of 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 valued at $234,799,000 after acquiring an additional 223,831 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Aptiv by 19.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock worth $172,117,000 after acquiring an additional 468,069 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Insider Transactions at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the firm'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 value of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.45% of the company's stock.

Aptiv Stock Performance

Shares of Aptiv stock traded up $0.86 during trading on Friday, reaching $61.97. The company's stock had a trading volume of 1,606,589 shares, compared to its average volume of 3,490,857. The business's fifty day moving average price is $57.96 and its 200-day moving average price is $59.69. Aptiv PLC has a one year low of $47.19 and a one year high of $85.35. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV - Get Free Report) last posted 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 return on equity of 15.63% and a net margin of 9.07%. The company had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the prior year, the business earned $1.16 earnings per share. Aptiv's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Wall Street Analyst Weigh In

APTV has been the subject of several analyst reports. Hsbc Global Res raised Aptiv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Guggenheim reduced their price objective on Aptiv from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. TD Cowen initiated coverage on shares of Aptiv in a research report on Friday, March 7th. They issued a "buy" rating and a $90.00 price target for the company. Finally, Argus upgraded shares of Aptiv to a "strong-buy" rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Aptiv has a consensus rating of "Moderate Buy" and an average target price of $82.06.

Aptiv Company 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.