Rock Point Advisors LLC Buys 32,811 Shares of Aptiv PLC (NYSE:APTV)

Rock Point Advisors LLC lifted its stake in Aptiv PLC (NYSE:APTV - Free Report) by 44.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 106,686 shares of the auto parts company's stock after purchasing an additional 32,811 shares during the quarter. Aptiv comprises about 2.9% of Rock Point Advisors LLC's holdings, making the stock its 10th largest holding. Rock Point Advisors LLC's holdings in Aptiv were worth $9,572,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Inceptionr LLC purchased a new position in shares of Aptiv in the 4th quarter valued at about $402,000. Janney Montgomery Scott LLC raised its position in Aptiv by 56.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 35,099 shares of the auto parts company's stock valued at $3,149,000 after purchasing an additional 12,682 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Aptiv by 5.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 21,426 shares of the auto parts company's stock worth $1,922,000 after purchasing an additional 1,023 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Aptiv by 8.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 311,915 shares of the auto parts company's stock worth $26,354,000 after purchasing an additional 24,686 shares during the last quarter. Finally, SeaTown Holdings Pte. Ltd. increased its stake in Aptiv by 46.4% in the fourth quarter. SeaTown Holdings Pte. Ltd. now owns 44,200 shares of the auto parts company's stock valued at $3,966,000 after purchasing an additional 14,000 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on APTV shares. Piper Sandler cut their price target on Aptiv from $80.00 to $79.00 and set a "neutral" rating for the company in a research note on Thursday, February 1st. Wells Fargo & Company dropped their target price on shares of Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. Barclays decreased their price objective on Aptiv from $112.00 to $110.00 and set an "overweight" rating on the stock in a research note on Thursday, April 11th. Royal Bank of Canada decreased their price target on shares of Aptiv from $115.00 to $104.00 and set an "outperform" rating on the stock in a research note on Thursday, February 1st. Finally, Guggenheim upped their price target on shares of Aptiv from $92.00 to $94.00 and gave the stock a "buy" rating in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Aptiv has a consensus rating of "Moderate Buy" and an average target price of $108.31.

Insider Activity

In other news, SVP Benjamin Lyon sold 18,680 shares of the business'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 value of $1,451,249.20. Following the transaction, the senior vice president now directly owns 95,211 shares of the company's stock, valued at approximately $7,396,942.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by company insiders.

Aptiv Trading Up 0.7 %

Shares of Aptiv stock traded up $0.56 during trading on Thursday, hitting $82.29. The stock had a trading volume of 1,642,536 shares, compared to its average volume of 2,677,080. Aptiv PLC has a 1 year low of $68.84 and a 1 year high of $113.60. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $22.39 billion, a PE ratio of 7.77, a P/E/G ratio of 0.84 and a beta of 1.90. The stock has a 50 day simple moving average of $76.82 and a 200 day simple moving average of $80.22.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. Aptiv's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. On average, research analysts expect that Aptiv PLC will post 6 EPS for the current fiscal year.

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.

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