Grantham Mayo Van Otterloo & Co. LLC Has $19.28 Million Stake in Aptiv PLC (NYSE:APTV)

Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 182.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,693 shares of the auto parts company's stock after purchasing an additional 206,048 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.14% of Aptiv worth $19,275,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Boston Common Asset Management LLC raised its holdings in shares of Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock worth $249,000 after purchasing an additional 188 shares in the last quarter. Horizon Investments LLC lifted its position in shares of 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 acquiring an additional 219 shares during the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of Aptiv by 5.7% in the 3rd quarter. Insigneo Advisory Services LLC now owns 6,205 shares of the auto parts company's stock worth $447,000 after acquiring an additional 337 shares during the last quarter. Westpac Banking Corp increased its stake in Aptiv by 21.9% in the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock worth $115,000 after purchasing an additional 341 shares in the last quarter. Finally, Providence Capital Advisors LLC increased its position 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 acquiring an additional 364 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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Aptiv Price Performance

APTV stock traded down $1.62 during midday trading on Friday, reaching $47.80. 1,183,354 shares of the company's stock traded hands, compared to its average volume of 3,487,152. 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 company has a market cap of $10.97 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 0.62 and a beta of 1.64. The company has a 50-day simple moving average of $62.21 and a two-hundred day simple moving average of $61.89. Aptiv PLC has a 1-year low of $47.20 and a 1-year high of $85.56.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating 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 year.

Insider Activity

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on APTV. Deutsche Bank Aktiengesellschaft raised Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target on the stock in a research report on Friday, February 7th. TD Cowen initiated coverage on Aptiv in a research note on Friday, March 7th. They issued a "buy" rating and a $90.00 target price on the stock. Piper Sandler lifted 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. HSBC raised Aptiv from a "hold" rating to a "buy" rating and boosted their price target for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company raised their price objective on Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $84.78.

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.