Northern Trust Corp Increases Stake in Aptiv PLC (NYSE:APTV)

Northern Trust Corp raised its stake in Aptiv PLC (NYSE:APTV - Free Report) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,427,968 shares of the auto parts company's stock after buying an additional 139,843 shares during the period. Northern Trust Corp owned about 1.06% of Aptiv worth $146,844,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in APTV. Picton Mahoney Asset Management bought a new stake in Aptiv in the fourth quarter valued at approximately $37,000. CENTRAL TRUST Co increased its stake in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock worth $52,000 after buying an additional 677 shares during the period. GeoWealth Management LLC raised its holdings in Aptiv by 203.2% during the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock valued at $92,000 after buying an additional 1,022 shares during the last quarter. Quarry LP purchased a new stake in Aptiv during the 4th quarter valued at $105,000. Finally, Covestor Ltd grew its holdings in Aptiv by 11.4% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after acquiring an additional 186 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

APTV traded down $0.53 on Tuesday, reaching $58.26. The stock had a trading volume of 2,141,913 shares, compared to its average volume of 3,493,475. The business's 50-day moving average price is $58.30 and its two-hundred day moving average price is $59.82. The company has a market cap of $13.37 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $85.56. 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 (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The business's revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. Sell-side analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on APTV shares. Wells Fargo & Company lowered their price target on Aptiv from $77.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday. TD Cowen initiated coverage on Aptiv in a research note on Friday, March 7th. They issued a "buy" rating and a $90.00 price target for the company. Royal Bank of Canada boosted their price objective on shares of Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday. Evercore ISI dropped their target price on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Finally, Argus upgraded 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 given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Aptiv presently has an average rating of "Moderate Buy" and a consensus target price of $82.06.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the business'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 directly owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.45% of the stock is currently owned by 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.