Dimensional Fund Advisors LP Acquires 433,857 Shares of Aptiv PLC (NYSE:APTV)

Dimensional Fund Advisors LP lifted its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,541,024 shares of the auto parts company's stock after buying an additional 433,857 shares during the period. Dimensional Fund Advisors LP owned about 1.08% of Aptiv worth $153,674,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in Aptiv in the 4th quarter worth about $106,492,000. Pictet Asset Management Holding SA grew 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 worth $102,262,000 after purchasing an additional 1,539,724 shares during the last quarter. Massachusetts Financial Services Co. MA increased 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 valued at $864,206,000 after buying an additional 1,517,104 shares during the period. Franklin Resources Inc. raised its holdings in Aptiv by 29.7% in the 4th 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 during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Aptiv by 25.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock worth $168,619,000 after buying an additional 552,066 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on APTV shares. StockNews.com assumed coverage on shares of Aptiv in a research report on Monday. They issued a "hold" rating for the company. Hsbc Global Res upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Barclays reaffirmed an "equal weight" rating and set a $55.00 target price (down from $80.00) on shares of Aptiv in a report on Tuesday, April 15th. Oppenheimer increased their price target on Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, Piper Sandler lifted their price objective on Aptiv from $65.00 to $67.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.94.

Aptiv Stock Down 1.2 %

NYSE APTV traded down $0.70 during trading hours on Wednesday, hitting $56.95. The company's stock had a trading volume of 3,439,333 shares, compared to its average volume of 3,535,839. The company has a market capitalization of $13.07 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $85.56. The company's 50-day simple moving average is $58.80 and its two-hundred day simple moving average is $60.22.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $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 can be accessed through this link. Company insiders own 0.45% of the company's stock.

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.