Allspring Global Investments Holdings LLC Raises Holdings in Aptiv PLC (NYSE:APTV)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 19.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,854,301 shares of the auto parts company's stock after purchasing an additional 468,069 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.21% of Aptiv worth $172,117,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of APTV. Proactive Wealth Strategies LLC acquired a new stake in shares of Aptiv in the third quarter worth approximately $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Aptiv by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company's stock worth $8,022,000 after acquiring an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Aptiv in the third quarter worth approximately $14,893,000. Shorepath Capital Management LLC boosted its stake in shares of Aptiv by 21.8% in the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company's stock worth $3,998,000 after acquiring an additional 11,835 shares during the last quarter. Finally, National Pension Service boosted its stake in shares of Aptiv by 16.6% in the third quarter. National Pension Service now owns 502,896 shares of the auto parts company's stock worth $36,214,000 after acquiring an additional 71,633 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Trading Up 1.0 %

Shares of APTV stock traded up $0.65 on Friday, hitting $67.06. The stock had a trading volume of 2,121,450 shares, compared to its average volume of 3,465,648. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.06. The firm has a market capitalization of $15.76 billion, a P/E ratio of 9.75, a P/E/G ratio of 0.54 and a beta of 1.74. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56. The company's 50 day moving average price is $61.15 and its 200-day moving average price is $64.10.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating 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 anticipate that Aptiv PLC will post 7.14 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on APTV shares. Evercore ISI lowered their price target on Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Baird R W raised Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. HSBC raised Aptiv from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. TD Cowen lowered their price objective on Aptiv from $95.00 to $74.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Finally, StockNews.com started coverage on Aptiv in a research note on Saturday. They set a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $85.61.

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.