BNP Paribas Financial Markets Raises Stock Holdings in Aptiv PLC (NYSE:APTV)

BNP Paribas Financial Markets raised its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 102.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 533,917 shares of the auto parts company's stock after purchasing an additional 269,770 shares during the period. BNP Paribas Financial Markets owned 0.23% of Aptiv worth $32,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of APTV. Norges Bank bought a new stake in shares of Aptiv during the 4th quarter worth approximately $106,492,000. Pictet Asset Management Holding SA lifted its position 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 worth $102,262,000 after purchasing 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% during the fourth 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 purchasing an additional 1,517,104 shares during the period. Franklin Resources Inc. grew 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 worth $371,767,000 after purchasing an additional 1,408,433 shares during the last quarter. Finally, Paloma Partners Management Co increased its stake in Aptiv by 968.7% in the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock worth $55,007,000 after buying an additional 824,400 shares during the period. 94.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 value of $954,204.00. Following the sale, the senior vice president now 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 Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on APTV. Guggenheim lowered their price objective on shares of Aptiv from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Robert W. Baird lowered their price target on Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Hsbc Global Res upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Royal Bank of Canada upped their target price on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Barclays raised their price target on Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.06.

Aptiv Stock Performance

NYSE:APTV traded up $0.86 during trading hours on Friday, hitting $61.97. 1,606,589 shares of the company were exchanged, compared to its average volume of 3,496,657. The company's 50 day moving average price is $57.96 and its 200-day moving average price is $59.62. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of 9.01, 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 debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

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, topping analysts' consensus estimates of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS. As a group, research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current 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.