Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Aptiv PLC (NYSE:APTV)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 311,915 shares of the auto parts company's stock after purchasing an additional 24,686 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.11% of Aptiv worth $26,354,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new stake in Aptiv during the fourth quarter worth about $29,000. GAMMA Investing LLC purchased a new position in shares of Aptiv in the fourth quarter worth about $32,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Aptiv in the fourth quarter worth about $47,000. First Horizon Advisors Inc. increased its holdings in shares of Aptiv by 98.0% in the fourth quarter. First Horizon Advisors Inc. now owns 592 shares of the auto parts company's stock worth $53,000 after buying an additional 293 shares during the period. Finally, Huntington National Bank increased its holdings in shares of Aptiv by 248.9% in the third quarter. Huntington National Bank now owns 642 shares of the auto parts company's stock worth $63,000 after buying an additional 458 shares during the period. Institutional investors own 94.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Oppenheimer decreased their price objective on Aptiv from $148.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, May 3rd. Piper Sandler decreased their price objective on Aptiv from $80.00 to $79.00 and set a "neutral" rating on the stock in a report on Thursday, February 1st. Robert W. Baird increased their price objective on Aptiv from $86.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, May 3rd. UBS Group raised their price target on Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Finally, Guggenheim boosted their price target on shares of Aptiv from $92.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, May 8th. 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 company has an average rating of "Moderate Buy" and a consensus price target of $108.31.

Aptiv Price Performance

NYSE:APTV traded down $0.18 during trading hours on Friday, hitting $82.11. 1,805,356 shares of the stock traded hands, compared to its average volume of 2,668,000. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. Aptiv PLC has a 1 year low of $68.84 and a 1 year high of $113.60. The company has a market cap of $22.34 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 0.83 and a beta of 1.90. The stock has a 50 day moving average price of $76.89 and a 200 day moving average price of $80.23.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The company's revenue for the quarter was up 1.1% on a year-over-year basis. Sell-side analysts forecast that Aptiv PLC will post 6.01 EPS for the current fiscal year.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the business's stock in a transaction on Monday, March 11th. The shares were 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 owns 95,211 shares of the company's stock, valued at $7,396,942.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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.