99,550 Shares in Aptiv PLC (NYSE:APTV) Bought by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. acquired a new position in Aptiv PLC (NYSE:APTV - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 99,550 shares of the auto parts company's stock, valued at approximately $5,923,000.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Aptiv in the 4th quarter worth $106,492,000. Pictet Asset Management Holding SA lifted its stake in Aptiv by 1,018.9% in 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 acquiring an additional 1,539,724 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Aptiv by 11.9% during 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 acquiring an additional 1,517,104 shares in the last quarter. Franklin Resources Inc. increased its position in Aptiv by 29.7% during 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 purchasing an additional 1,408,433 shares during the period. Finally, Paloma Partners Management Co lifted its position in shares of 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 purchasing an additional 824,400 shares during the period. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Performance

APTV stock traded down $0.43 on Thursday, hitting $65.45. The company's stock had a trading volume of 1,930,923 shares, compared to its average volume of 3,494,522. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $84.22. The stock has a market cap of $14.25 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The firm has a 50 day moving average of $59.31 and a two-hundred day moving average of $60.58. 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 (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS 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 firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the business earned $1.16 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. Equities analysts predict that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. TD Cowen initiated coverage on Aptiv in a research note on Friday, March 7th. They issued a "buy" rating and a $90.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 target price for the company in a research report on Friday, February 7th. Oppenheimer lifted their price target on shares of Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Piper Sandler set a $70.00 price objective on Aptiv and gave the company a "neutral" rating in a report on Thursday, May 22nd. Finally, Wall Street Zen initiated coverage on Aptiv in a research note on Thursday, May 22nd. They set a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $82.50.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business'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 transaction of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.45% of the stock is currently owned by insiders.

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.