APG Asset Management N.V. Raises Stock Holdings in Aptiv PLC (NYSE:APTV)

APG Asset Management N.V. increased its position in Aptiv PLC (NYSE:APTV - Free Report) by 334.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 280,114 shares of the auto parts company's stock after acquiring an additional 215,690 shares during the quarter. APG Asset Management N.V. owned about 0.12% of Aptiv worth $16,360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APTV. Boston Common Asset Management LLC raised its stake in shares of Aptiv by 4.8% during the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock valued at $249,000 after purchasing an additional 188 shares during the period. Horizon Investments LLC grew its holdings in Aptiv by 6.1% during the 4th quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock valued at $231,000 after buying an additional 219 shares in the last quarter. Westpac Banking Corp increased its position in shares of Aptiv by 21.9% during the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after buying an additional 341 shares during the period. Providence Capital Advisors LLC lifted its holdings in shares of Aptiv by 0.4% in the fourth quarter. Providence Capital Advisors LLC now owns 87,479 shares of the auto parts company's stock worth $5,291,000 after buying an additional 364 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Aptiv by 0.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 101,901 shares of the auto parts company's stock valued at $6,149,000 after acquiring an additional 475 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Remove Ads

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 14,568 shares of the business'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 transaction, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.45% of the company's stock.

Aptiv Trading Down 0.7 %

Shares of NYSE APTV traded down $0.34 during trading hours on Tuesday, hitting $49.76. The company's stock had a trading volume of 722,474 shares, compared to its average volume of 3,511,613. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $85.56. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 0.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The business has a 50-day simple moving average of $61.72 and a 200-day simple moving average of $61.49.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

APTV has been the topic of several recent analyst reports. Argus upgraded shares of Aptiv to a "strong-buy" rating in a research note on Tuesday, February 11th. Robert W. Baird lowered their price objective on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday. Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Piper Sandler raised their price target on Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Finally, Wells Fargo & Company lifted their price target on Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.44.

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.