Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 109,074 shares of the auto parts company's stock, valued at approximately $6,597,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company's stock worth $386,103,000 after buying an additional 5,002,090 shares during the period. Harris Associates L P bought a new stake in shares of Aptiv in the 3rd quarter worth about $162,640,000. Point72 Asset Management L.P. acquired a new stake in shares of Aptiv during the 3rd quarter worth about $143,909,000. FMR LLC lifted its holdings in Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock valued at $550,759,000 after purchasing an additional 1,294,670 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company's stock valued at $336,861,000 after buying an additional 1,090,766 shares in the last quarter. Institutional investors own 94.21% of the company's stock.
Aptiv Trading Down 0.1 %
NYSE APTV traded down $0.07 during trading on Wednesday, reaching $62.75. 3,604,056 shares of the stock traded hands, compared to its average volume of 3,462,552. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The firm has a market cap of $14.40 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The stock's 50-day moving average price is $63.69 and its 200 day moving average price is $63.31.
Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Analysts predict that Aptiv PLC will post 7.2 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Baird R W raised Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Oppenheimer increased their target price on Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. UBS Group lifted their price target on Aptiv from $82.00 to $91.00 and gave the company a "buy" rating in a report on Friday, February 7th. Raymond James reissued a "market perform" rating on shares of Aptiv in a report on Monday, February 3rd. Finally, Guggenheim reaffirmed a "buy" rating and issued a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $86.50.
Get Our Latest Stock Report on Aptiv
Insider Buying and Selling at Aptiv
In other news, SVP Benjamin Lyon sold 14,568 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.34% of the company's stock.
About Aptiv
(
Free Report)
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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