Franklin Resources Inc. Acquires 1,090,766 Shares of Aptiv PLC (NYSE:APTV)

Franklin Resources Inc. raised its position in Aptiv PLC (NYSE:APTV - Free Report) by 29.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,738,514 shares of the auto parts company's stock after purchasing an additional 1,090,766 shares during the quarter. Franklin Resources Inc. owned 2.02% of Aptiv worth $336,861,000 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 business. Swedbank AB purchased a new position in Aptiv in the 2nd quarter valued at about $25,018,000. Proactive Wealth Strategies LLC acquired a new stake in shares of Aptiv during the 3rd quarter worth approximately $1,815,000. National Pension Service lifted its holdings in shares of Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company's stock worth $36,214,000 after purchasing an additional 71,633 shares during the last quarter. Mirabella Financial Services LLP boosted its position in Aptiv by 184.8% during the 3rd quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company's stock valued at $2,711,000 after purchasing an additional 24,432 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Aptiv by 73.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company's stock valued at $8,022,000 after purchasing an additional 47,215 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Trading Down 1.0 %

Aptiv stock traded down $0.57 during midday trading on Friday, reaching $57.97. The stock had a trading volume of 3,350,667 shares, compared to its average volume of 3,168,490. The firm's fifty day simple moving average is $60.90 and its two-hundred day simple moving average is $67.85. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of 6.47, a PEG ratio of 0.59 and a beta of 1.78. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 earnings per share. Equities analysts anticipate that Aptiv PLC will post 6.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on APTV shares. TD Cowen reduced their price target on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a report on Friday, November 1st. Guggenheim reissued a "buy" rating and set a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. Morgan Stanley dropped their price target on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, November 14th. Fox Advisors lowered Aptiv from an "overweight" rating to an "equal weight" rating in a report on Tuesday, October 1st. Finally, Barclays lowered their target price on Aptiv from $100.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.29.

Aptiv Company 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.