Gilman Hill Asset Management LLC Purchases 27,645 Shares of Aptiv PLC (NYSE:APTV)

Gilman Hill Asset Management LLC lifted its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 60.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,520 shares of the auto parts company's stock after buying an additional 27,645 shares during the quarter. Gilman Hill Asset Management LLC's holdings in Aptiv were worth $4,374,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised 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 valued at $864,206,000 after acquiring an additional 1,517,104 shares during the period. FMR LLC grew its position in shares of Aptiv by 1.7% in the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock valued at $470,247,000 after purchasing an additional 126,882 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of 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. Victory Capital Management Inc. lifted its holdings in Aptiv by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock worth $234,799,000 after purchasing an additional 223,831 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Aptiv by 19.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock worth $172,117,000 after purchasing an additional 468,069 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Benjamin Lyon sold 14,568 shares of the 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 completion of the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Aptiv Trading Up 1.8%

Shares of APTV traded up $1.21 during mid-day trading on Friday, reaching $66.69. The company's stock had a trading volume of 1,430,254 shares, compared to its average volume of 3,490,504. 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 $82.47. The company's fifty day moving average price is $59.43 and its two-hundred day moving average price is $60.67. The stock has a market cap of $14.52 billion, a PE ratio of 9.69, a P/E/G ratio of 0.62 and a beta of 1.47.

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, 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 business had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the firm posted $1.16 earnings per share. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on APTV shares. UBS Group increased their price target on shares of Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Morgan Stanley lowered their target price on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, May 19th. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target for the company in a report on Friday, February 7th. Robert W. Baird decreased their price target on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Finally, Piper Sandler set a $70.00 price objective on Aptiv and gave the company a "neutral" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $82.50.

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.