KLP Kapitalforvaltning AS Acquires New Stake in Aptiv PLC (NYSE:APTV)

KLP Kapitalforvaltning AS bought a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 154,031 shares of the auto parts company's stock, valued at approximately $9,316,000. KLP Kapitalforvaltning AS owned about 0.07% of Aptiv at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC increased its holdings in shares of Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock worth $550,759,000 after buying an additional 1,294,670 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Aptiv by 1,390.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company's stock valued at $386,103,000 after purchasing an additional 5,002,090 shares during the last quarter. Franklin Resources Inc. boosted its stake 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 purchasing an additional 1,090,766 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Aptiv by 6.1% during the fourth quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock worth $234,799,000 after purchasing an additional 223,831 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Aptiv by 19.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock valued at $172,117,000 after buying an additional 468,069 shares during the period. 94.21% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm'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 completion of the sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.45% of the company's stock.

Aptiv Stock Up 0.9 %

Shares of APTV stock traded up $0.56 during trading hours on Tuesday, reaching $64.47. The company had a trading volume of 2,078,526 shares, compared to its average volume of 3,278,031. The business has a fifty day simple moving average of $63.88 and a 200-day simple moving average of $63.10. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $85.56. The company has a market cap of $14.79 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on APTV. Deutsche Bank Aktiengesellschaft raised Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price objective on the stock in a research note on Friday, February 7th. Guggenheim reissued a "buy" rating and set a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. Wells Fargo & Company increased their price target on Aptiv from $76.00 to $86.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Piper Sandler boosted their price objective on Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Finally, TD Cowen started coverage on Aptiv in a research note on Friday, March 7th. They set a "buy" rating and a $90.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.61.

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.