Franklin Resources Inc. boosted its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,146,947 shares of the auto parts company's stock after purchasing an additional 1,408,433 shares during the quarter. Franklin Resources Inc. owned about 2.62% of Aptiv worth $371,767,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of APTV. Hazlett Burt & Watson Inc. boosted its holdings in shares of Aptiv by 163.1% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock worth $110,000 after acquiring an additional 1,145 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Aptiv by 27.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,870 shares of the auto parts company's stock valued at $355,000 after purchasing an additional 1,271 shares during the period. Allianz SE acquired a new position in Aptiv in the 4th quarter valued at $948,000. Allstate Corp bought a new position in Aptiv during the 4th quarter worth $473,000. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $102,262,000 after buying an additional 1,539,724 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
APTV has been the topic of a number of recent research reports. Hsbc Global Res raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Oppenheimer raised their target price on shares of Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Royal Bank of Canada boosted their price target on Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Evercore ISI lowered their price objective on Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Finally, Piper Sandler upped their target price on Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given 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 a consensus price target of $86.61.
Check Out Our Latest Report on Aptiv
Insider Activity at Aptiv
In other news, SVP Benjamin Lyon sold 14,568 shares of the firm's stock in a transaction on Monday, March 10th. The shares were 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. This trade represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is owned by company insiders.
Aptiv Price Performance
Aptiv stock traded down $2.32 during mid-day 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. The business has a fifty day simple moving average of $63.55 and a 200 day simple moving average of $62.64. The company has a market cap of $12.18 billion, a P/E ratio of 7.71, a P/E/G ratio of 0.62 and a beta of 1.78. Aptiv PLC has a fifty-two week low of $50.10 and a fifty-two week 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 quarterly earnings data 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%. On average, equities research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.
Aptiv Company 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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