Mackenzie Financial Corp Boosts Stake in Aptiv PLC (NYSE:APTV)

Mackenzie Financial Corp boosted its position in Aptiv PLC (NYSE:APTV - Free Report) by 20.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,440 shares of the auto parts company's stock after buying an additional 42,116 shares during the quarter. Mackenzie Financial Corp owned 0.09% of Aptiv worth $22,469,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its stake in Aptiv by 5.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,839 shares of the auto parts company's stock valued at $1,657,000 after acquiring an additional 732 shares during the period. Panagora Asset Management Inc. boosted its stake in Aptiv by 127.8% during the 1st quarter. Panagora Asset Management Inc. now owns 10,798 shares of the auto parts company's stock valued at $1,293,000 after purchasing an additional 6,057 shares during the period. Synovus Financial Corp grew its position in Aptiv by 15.0% in the 1st quarter. Synovus Financial Corp now owns 3,395 shares of the auto parts company's stock worth $406,000 after purchasing an additional 443 shares during the last quarter. Cibc World Market Inc. grew its position in Aptiv by 25.4% in the 1st quarter. Cibc World Market Inc. now owns 5,600 shares of the auto parts company's stock worth $670,000 after purchasing an additional 1,133 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Aptiv by 32.6% during the first quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company's stock valued at $268,000 after buying an additional 551 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Citigroup lowered their target price on Aptiv from $150.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. Piper Sandler dropped their price target on shares of Aptiv from $80.00 to $79.00 and set a "neutral" rating on the stock in a research report on Thursday, February 1st. Guggenheim reduced their price target on shares of Aptiv from $103.00 to $92.00 and set a "buy" rating for the company in a research note on Wednesday. UBS Group raised their price objective on shares of Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. cut their target price on Aptiv from $135.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.36.

Aptiv Stock Performance

APTV traded up $0.31 during trading on Friday, reaching $69.63. 1,867,503 shares of the company's stock were exchanged, compared to its average volume of 2,680,050. The company has a market capitalization of $18.99 billion, a P/E ratio of 6.73, a PEG ratio of 0.90 and a beta of 1.90. The business has a 50 day moving average price of $77.67 and a 200 day moving average price of $82.57. Aptiv PLC has a fifty-two week low of $68.84 and a fifty-two week high of $113.60. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The business had revenue of $4.92 billion for the quarter, compared to analysts' expectations of $4.95 billion. As a group, analysts predict that Aptiv PLC will post 5.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 18,680 shares of the business's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the sale, the senior vice president now directly owns 95,211 shares in the company, valued at approximately $7,396,942.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company's stock.

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.