FIL Ltd lifted its stake in Aptiv PLC (NYSE:APTV - Free Report) by 44.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,666 shares of the auto parts company's stock after buying an additional 18,049 shares during the period. FIL Ltd's holdings in Aptiv were worth $3,548,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new position in Aptiv in the 4th quarter worth approximately $37,000. CENTRAL TRUST Co increased its stake in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock worth $52,000 after buying an additional 677 shares during the period. Hazlett Burt & Watson Inc. raised its holdings in Aptiv by 163.1% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock valued at $110,000 after buying an additional 1,145 shares during the last quarter. Westpac Banking Corp boosted its position in Aptiv by 21.9% during the 4th 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. Finally, SRS Capital Advisors Inc. grew its holdings in Aptiv by 93.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company's stock worth $115,000 after acquiring an additional 918 shares during the last quarter. Institutional investors own 94.21% of the company's stock.
Insiders Place Their Bets
In other 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 directly owns 125,237 shares of the company's stock, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.45% of the company's stock.
Aptiv Stock Up 2.0 %
NYSE:APTV traded up $1.04 during trading hours on Friday, reaching $51.75. 2,759,220 shares of the company traded hands, compared to its average volume of 3,528,483. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The business's 50-day moving average price is $60.95 and its two-hundred day moving average price is $61.21. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.56. The stock has a market capitalization of $11.87 billion, a P/E ratio of 7.52, a P/E/G ratio of 0.62 and a beta of 1.64.
Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have recently commented on APTV shares. Piper Sandler increased their target price on shares of Aptiv from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Evercore ISI lowered their price target on Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. HSBC upgraded Aptiv from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Royal Bank of Canada raised their price target on Aptiv from $75.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Raymond James reiterated 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 issued a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and an average price target of $82.44.
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About Aptiv
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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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