OLD National Bancorp IN Boosts Stock Position in Aptiv PLC (NYSE:APTV)

OLD National Bancorp IN boosted its position in Aptiv PLC (NYSE:APTV - Free Report) by 23.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 70,926 shares of the auto parts company's stock after acquiring an additional 13,579 shares during the period. OLD National Bancorp IN's holdings in Aptiv were worth $6,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of APTV. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Aptiv during the fourth quarter valued at about $29,000. BluePath Capital Management LLC purchased a new position in shares of Aptiv during the third quarter worth about $55,000. TFC Financial Management Inc. grew its holdings in shares of Aptiv by 44.5% during the third quarter. TFC Financial Management Inc. now owns 614 shares of the auto parts company's stock worth $61,000 after purchasing an additional 189 shares in the last quarter. Huntington National Bank grew its holdings in shares of Aptiv by 248.9% during the third quarter. Huntington National Bank now owns 642 shares of the auto parts company's stock worth $63,000 after purchasing an additional 458 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Aptiv during the third quarter worth about $82,000. 94.21% of the stock is currently owned by institutional investors.

Aptiv Trading Up 0.7 %

APTV stock traded up $0.47 during midday trading on Monday, hitting $70.10. The company had a trading volume of 1,876,956 shares, compared to its average volume of 2,669,710. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. Aptiv PLC has a 52 week low of $68.84 and a 52 week high of $113.60. The stock's 50 day moving average price is $77.42 and its 200 day moving average price is $82.20. The stock has a market cap of $19.11 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 0.89 and a beta of 1.90.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. As a group, equities research analysts expect that Aptiv PLC will post 5.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Piper Sandler cut their price objective on Aptiv from $80.00 to $79.00 and set a "neutral" rating for the company in a report on Thursday, February 1st. Robert W. Baird lowered Aptiv from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $105.00 to $96.00 in a report on Wednesday, January 3rd. Citigroup cut their price objective on Aptiv from $150.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, February 1st. Royal Bank of Canada cut their target price on Aptiv from $115.00 to $104.00 and set an "outperform" rating for the company in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. cut their target price on Aptiv from $110.00 to $109.00 and set an "overweight" rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.93.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $7,396,942.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by corporate 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.