Woodline Partners LP Acquires New Stake in Aptiv PLC (NYSE:APTV)

Woodline Partners LP bought a new stake in Aptiv PLC (NYSE:APTV - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 14,115 shares of the auto parts company's stock, valued at approximately $854,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APTV. Norges Bank purchased a new position in Aptiv in the fourth quarter valued at about $106,492,000. Pictet Asset Management Holding SA grew its stake in shares of Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $102,262,000 after acquiring an additional 1,539,724 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after acquiring an additional 1,517,104 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after acquiring an additional 1,408,433 shares during the last quarter. Finally, Paloma Partners Management Co grew its stake in shares of Aptiv by 968.7% during the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock worth $55,007,000 after acquiring an additional 824,400 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.45% of the company's stock.

Aptiv Stock Performance

NYSE:APTV traded down $1.21 during trading hours on Friday, reaching $66.88. The company had a trading volume of 3,737,719 shares, compared to its average volume of 3,507,427. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $85.35. The firm has a market cap of $14.56 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The business's 50 day moving average price is $59.12 and its 200-day moving average price is $60.37. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV - Get Free Report) last announced its 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. The business 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%. The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 EPS. Research analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Raymond James restated a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price target on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target on the stock in a research note on Friday, February 7th. Morgan Stanley dropped their price target on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, May 19th. Finally, Guggenheim dropped their price target on Aptiv from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $82.50.

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.