90,000 Shares in Aptiv PLC (NYSE:APTV) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 90,000 shares of the auto parts company's stock, valued at approximately $5,410,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Aptiv during the fourth quarter worth $106,492,000. Pictet Asset Management Holding SA increased its stake in shares of Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $102,262,000 after purchasing an additional 1,539,724 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Aptiv by 11.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after purchasing an additional 1,517,104 shares during the last quarter. Franklin Resources Inc. lifted its stake in Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock valued at $371,767,000 after buying an additional 1,408,433 shares in the last quarter. Finally, Paloma Partners Management Co boosted its holdings in Aptiv by 968.7% in the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock worth $55,007,000 after buying an additional 824,400 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Trading Down 0.4%

NYSE:APTV traded down $0.25 on Wednesday, reaching $67.24. The company's stock had a trading volume of 731,518 shares, compared to its average volume of 3,501,527. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $85.35. The stock has a 50 day moving average price of $58.47 and a 200 day moving average price of $59.74. The firm has a market cap of $14.64 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Aptiv's revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS. On average, equities analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analyst Ratings Changes

APTV has been the subject of a number of research analyst reports. Robert W. Baird reduced their target price on Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. UBS Group increased their price objective on Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. StockNews.com assumed coverage on shares of Aptiv in a research note on Wednesday, May 14th. They set a "hold" rating on the stock. Piper Sandler upped their target price on shares of Aptiv from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Finally, HSBC raised shares of Aptiv from a "hold" rating to a "buy" rating and raised their price target for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and an average target price of $82.33.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is currently 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.