Douglas Lane & Associates LLC Buys 43,794 Shares of Aptiv PLC (NYSE:APTV)

Douglas Lane & Associates LLC increased its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 4.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,055,729 shares of the auto parts company's stock after purchasing an additional 43,794 shares during the period. Douglas Lane & Associates LLC owned approximately 0.46% of Aptiv worth $62,816,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. South Dakota Investment Council boosted its stake in shares of Aptiv by 32.9% during the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock valued at $7,799,000 after purchasing an additional 31,941 shares in the last quarter. Focus Financial Network Inc. bought a new stake in Aptiv during the 4th quarter valued at approximately $379,000. Diametric Capital LP purchased a new position in shares of Aptiv during the 4th quarter worth approximately $972,000. abrdn plc bought a new position in shares of Aptiv in the 4th quarter worth approximately $30,374,000. Finally, Ninety One North America Inc. lifted its stake in shares of Aptiv by 2.6% in the 4th quarter. Ninety One North America Inc. now owns 189,967 shares of the auto parts company's stock valued at $11,489,000 after purchasing an additional 4,884 shares during the period. 94.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Cowen started coverage on shares of Aptiv in a research note on Friday, March 7th. They issued a "buy" rating and a $90.00 price target for the company. Wells Fargo & Company raised their target price on shares of Aptiv from $75.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Wall Street Zen began coverage on Aptiv in a research report on Thursday, May 22nd. They issued a "hold" rating on the stock. Guggenheim lowered Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday. Finally, Argus upgraded Aptiv to a "strong-buy" rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $82.50.

Aptiv Trading Up 0.1%

NYSE APTV traded up $0.08 during trading hours on Thursday, hitting $65.96. 929,690 shares of the company were exchanged, compared to its average volume of 3,490,724. The stock has a market cap of $14.36 billion, a PE ratio of 9.59, a price-to-earnings-growth 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 $84.22. The stock has a 50-day moving average price of $59.31 and a 200 day moving average price of $60.58. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly 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 the consensus estimate of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Aptiv's revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $1.16 earnings per share. Analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Benjamin Lyon sold 14,568 shares of the company'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 of the company's stock, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.45% of the stock is owned by corporate insiders.

Aptiv Company 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.