Flputnam Investment Management Co. Purchases 15,096 Shares of Aptiv PLC (NYSE:APTV)

Flputnam Investment Management Co. grew its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 15.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,922 shares of the auto parts company's stock after purchasing an additional 15,096 shares during the period. Flputnam Investment Management Co.'s holdings in Aptiv were worth $10,221,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Salem Investment Counselors Inc. raised its stake in shares of Aptiv by 176.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company's stock worth $25,000 after buying an additional 176 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Aptiv during the 4th quarter worth $29,000. FWL Investment Management LLC acquired a new position in shares of Aptiv during the 4th quarter worth $30,000. Farther Finance Advisors LLC raised its stake in Aptiv by 49.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 518 shares of the auto parts company's stock valued at $53,000 after purchasing an additional 172 shares during the last quarter. Finally, BluePath Capital Management LLC acquired a new position in Aptiv in the 3rd quarter valued at about $55,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Performance

Shares of NYSE:APTV traded down $1.18 on Monday, hitting $73.01. The company's stock had a trading volume of 1,793,956 shares, compared to its average volume of 2,702,375. Aptiv PLC has a 12 month low of $71.01 and a 12 month high of $113.60. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 0.95 and a beta of 1.90. The stock's 50-day moving average is $78.41 and its two-hundred day moving average is $82.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The company had revenue of $4.92 billion during the quarter, compared to analysts' expectations of $4.95 billion. On average, equities research analysts forecast that Aptiv PLC will post 5.66 EPS for the current year.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the transaction, the senior vice president now owns 95,211 shares of the company's stock, valued at $7,396,942.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on APTV. Wells Fargo & Company cut their target price on shares of Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. Royal Bank of Canada cut their target price on shares of Aptiv from $115.00 to $104.00 and set an "outperform" rating for the company in a research note on Thursday, February 1st. Oppenheimer dropped their price objective on shares of Aptiv from $149.00 to $148.00 and set an "outperform" rating for the company in a research note on Thursday, February 1st. JPMorgan Chase & Co. dropped their price objective on shares of Aptiv from $135.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, January 25th. Finally, Morgan Stanley downgraded shares of Aptiv from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $90.00 to $74.00 in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $111.14.

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.