Fmr LLC Buys 126,882 Shares of Aptiv PLC (NYSE:APTV)

FMR LLC boosted its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,775,251 shares of the auto parts company's stock after purchasing an additional 126,882 shares during the period. FMR LLC owned 3.31% of Aptiv worth $470,247,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its position in Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after buying an additional 1,517,104 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after purchasing an additional 1,408,433 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Aptiv by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock valued at $234,799,000 after buying an additional 223,831 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Aptiv by 19.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock worth $172,117,000 after purchasing an additional 468,069 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Aptiv by 25.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock valued at $168,619,000 after acquiring an additional 552,066 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

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Aptiv Price Performance

Shares of APTV traded down $0.29 during midday trading on Tuesday, reaching $49.81. The stock had a trading volume of 603,944 shares, compared to its average volume of 3,511,200. The company's 50-day moving average is $61.72 and its 200 day moving average is $61.49. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $85.56. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, equities analysts predict that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on APTV shares. Piper Sandler lifted their price target on Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. StockNews.com started coverage on Aptiv in a report on Saturday. They set a "hold" rating on the stock. 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 note on Friday, February 7th. Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Finally, UBS Group restated a "neutral" rating and issued a $58.00 target price (down previously from $91.00) on shares of Aptiv in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and an average price target of $82.44.

Insider Activity

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value 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 the SEC website. Insiders own 0.45% of the company's stock.

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.