Allspring Global Investments Holdings LLC Reduces Stock Position in Aptiv PLC (NYSE:APTV)

Allspring Global Investments Holdings LLC lowered its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,645,171 shares of the auto parts company's stock after selling 209,130 shares during the period. Allspring Global Investments Holdings LLC owned about 1.15% of Aptiv worth $156,462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund grew its holdings in Aptiv by 22.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 46,928 shares of the auto parts company's stock worth $2,792,000 after acquiring an additional 8,739 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Aptiv by 26.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,754 shares of the auto parts company's stock worth $283,000 after purchasing an additional 1,006 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in Aptiv by 115.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 318,895 shares of the auto parts company's stock valued at $18,974,000 after buying an additional 170,921 shares during the period. Bessemer Group Inc. increased its holdings in Aptiv by 74.9% during the first quarter. Bessemer Group Inc. now owns 3,504 shares of the auto parts company's stock valued at $208,000 after buying an additional 1,500 shares during the period. Finally, Wealthquest Corp bought a new position in Aptiv in the first quarter worth approximately $158,000. 94.21% of the stock is currently owned by institutional investors.

Aptiv Stock Up 1.3%

NYSE:APTV traded up $0.85 during mid-day trading on Friday, hitting $68.79. 2,147,945 shares of the company's stock traded hands, compared to its average volume of 3,404,613. The company has a fifty day moving average of $64.41 and a 200 day moving average of $62.08. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $80.95. The company has a market capitalization of $14.98 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.77 and a beta of 1.47. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 EPS. On average, analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Bank of America lifted their price target on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a report on Monday, June 16th. Wall Street Zen upgraded Aptiv to a "hold" rating in a research note on Saturday, June 21st. Piper Sandler set a $70.00 target price on shares of Aptiv and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Royal Bank Of Canada raised their price target on shares of Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company raised their price target on shares of Aptiv from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.56.

About Aptiv

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.