Aptiv PLC (NYSE:APTV) Shares Purchased by Causeway Capital Management LLC

Causeway Capital Management LLC boosted its stake in Aptiv PLC (NYSE:APTV - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 509,649 shares of the auto parts company's stock after buying an additional 36,760 shares during the quarter. Causeway Capital Management LLC owned approximately 0.22% of Aptiv worth $30,824,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Aptiv during the 3rd quarter valued at $783,000. World Investment Advisors LLC acquired a new position in shares of Aptiv in the 3rd quarter worth approximately $212,000. Tidal Investments LLC boosted its stake in Aptiv by 29.7% in the third quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company's stock valued at $1,117,000 after acquiring an additional 3,553 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company's stock valued at $336,861,000 after acquiring an additional 1,090,766 shares during the period. Finally, Inspire Trust Co. N.A. grew its holdings in Aptiv by 48.0% in the 3rd quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the auto parts company's stock worth $2,016,000 after buying an additional 9,075 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Up 2.0 %

Shares of NYSE APTV traded up $1.04 during midday trading on Friday, hitting $51.75. The stock had a trading volume of 2,759,220 shares, compared to its average volume of 3,528,483. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $85.56. The business's 50 day moving average is $60.95 and its 200-day moving average is $61.21. 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 $11.87 billion, a P/E ratio of 7.52, a PEG ratio of 0.62 and a beta of 1.64.

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 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%. As a group, analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Insider Activity

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv 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 sale, the senior vice president now owns 125,237 shares of the company's stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

APTV has been the subject of several recent research reports. Oppenheimer increased their target price on shares of Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. TD Cowen started coverage on Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 target price for the company. Barclays reiterated an "equal weight" rating and set a $55.00 target price (down from $80.00) on shares of Aptiv in a research note on Tuesday. Evercore ISI decreased their target price on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Finally, Raymond James reaffirmed a "market perform" rating on shares of Aptiv in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have given 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 has an average rating of "Moderate Buy" and an average 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.