JPMorgan Chase & Co. lifted its stake in Aptiv PLC (NYSE:APTV - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,724,091 shares of the auto parts company's stock after buying an additional 552,066 shares during the period. JPMorgan Chase & Co. owned approximately 1.16% of Aptiv worth $168,619,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in APTV. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Aptiv by 8.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company's stock valued at $28,700,000 after purchasing an additional 35,426 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Aptiv by 1.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 52,143 shares of the auto parts company's stock worth $3,154,000 after acquiring an additional 533 shares during the period. First American Trust FSB boosted its position in shares of Aptiv by 1.3% during the 4th quarter. First American Trust FSB now owns 50,213 shares of the auto parts company's stock worth $3,037,000 after acquiring an additional 665 shares in the last quarter. LPL Financial LLC increased its stake in Aptiv by 19.0% in the fourth quarter. LPL Financial LLC now owns 349,407 shares of the auto parts company's stock valued at $21,132,000 after acquiring an additional 55,739 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Aptiv during the fourth quarter worth $9,316,000. Institutional investors and hedge funds own 94.21% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on APTV shares. HSBC raised Aptiv from a "hold" rating to a "buy" rating and raised their price objective for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. UBS Group upped their price objective on shares of Aptiv from $82.00 to $91.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. StockNews.com initiated coverage on shares of Aptiv in a research report on Friday. They issued a "hold" rating on the stock. Barclays upped their price target on shares of Aptiv from $75.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, TD Cowen initiated coverage on Aptiv in a report on Friday, March 7th. They issued a "buy" rating and a $90.00 target price for the company. One equities research 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.61.
Get Our Latest Research Report on Aptiv
Aptiv Stock Performance
APTV traded down $2.32 during midday trading on Friday, reaching $53.07. The company had a trading volume of 5,973,052 shares, compared to its average volume of 3,451,946. Aptiv PLC has a 12-month low of $50.10 and a 12-month high of $85.56. The business has a 50-day moving average price of $63.55 and a two-hundred day moving average price of $62.59. The stock has a market cap of $12.18 billion, a PE ratio of 7.71, 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.
Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) 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, sell-side analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, SVP Benjamin Lyon sold 14,568 shares of the business's 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 completion of the transaction, the senior vice president now owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by insiders.
Aptiv Profile
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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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