Avanza Fonder AB Purchases Shares of 22,696 Aptiv PLC (NYSE:APTV)

Avanza Fonder AB bought a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,696 shares of the auto parts company's stock, valued at approximately $1,379,000.

Other large investors also recently modified their holdings of the company. Stratos Wealth Partners LTD. raised its stake in shares of Aptiv by 50.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,481 shares of the auto parts company's stock worth $392,000 after buying an additional 2,174 shares during the last quarter. Focus Financial Network Inc. bought a new stake in shares of Aptiv during the fourth quarter worth approximately $379,000. Allspring Global Investments Holdings LLC raised its stake in shares of Aptiv by 19.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock worth $172,117,000 after buying an additional 468,069 shares during the last quarter. Ingalls & Snyder LLC bought a new stake in shares of Aptiv during the fourth quarter worth approximately $1,488,000. Finally, Asset Management One Co. Ltd. raised its stake in shares of Aptiv by 0.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 101,901 shares of the auto parts company's stock worth $6,149,000 after buying an additional 475 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APTV has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of Aptiv from $75.00 to $85.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. UBS Group boosted their price target on shares of Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Robert W. Baird lowered their target price on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen began coverage on shares of Aptiv in a research note on Thursday, May 22nd. They issued a "hold" rating for the company. Finally, Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.50.

Aptiv Stock Down 3.7%

Shares of APTV stock traded down $2.55 during trading hours on Friday, hitting $67.13. 2,103,225 shares of the company were exchanged, compared to its average volume of 3,484,126. The business has a 50 day moving average of $61.06 and a two-hundred day moving average of $61.31. 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 $80.95. The company has a market capitalization of $14.62 billion, a PE ratio of 9.76, a PEG ratio of 0.62 and a beta of 1.47.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the firm earned $1.16 earnings per share. The firm's revenue was down 1.6% compared to the same quarter last year. Analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal 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.