Lansforsakringar Fondforvaltning AB publ Buys Shares of 89,752 Aptiv PLC (NYSE:APTV)

Lansforsakringar Fondforvaltning AB publ purchased a new stake in Aptiv PLC (NYSE:APTV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 89,752 shares of the auto parts company's stock, valued at approximately $5,428,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Covestor Ltd lifted its holdings in shares of Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after purchasing an additional 186 shares in the last quarter. Horizon Investments LLC lifted its stake in shares of Aptiv by 6.1% during the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock valued at $231,000 after buying an additional 219 shares during the period. ProShare Advisors LLC lifted its stake in shares of Aptiv by 0.5% during the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock valued at $3,128,000 after buying an additional 248 shares during the period. Westpac Banking Corp lifted its stake in shares of Aptiv by 21.9% during the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after buying an additional 341 shares during the period. Finally, Rafferty Asset Management LLC lifted its stake in shares of Aptiv by 1.3% during the fourth quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company's stock valued at $1,552,000 after buying an additional 341 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Upgrades and Downgrades

APTV has been the topic of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. UBS Group upped their price target on shares of Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Wells Fargo & Company upped their price target on shares of Aptiv from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Hsbc Global Res raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Argus raised shares of Aptiv to a "strong-buy" rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Aptiv currently has a consensus rating of "Moderate Buy" and an average target price of $82.50.

Aptiv Stock Performance

Shares of Aptiv stock traded down $1.21 during trading hours on Friday, reaching $66.88. The company's stock had a trading volume of 3,737,719 shares, compared to its average volume of 3,510,529. The company's 50 day simple moving average is $59.12 and its 200 day simple moving average is $60.34. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv PLC has a one year low of $47.19 and a one year high of $85.35. The stock has a market cap of $14.56 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44.

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 for the quarter, beating the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Aptiv's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $1.16 EPS. As a group, analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This trade represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.