Massachusetts Financial Services Co. MA Buys 1,517,104 Shares of Aptiv PLC (NYSE:APTV)

Massachusetts Financial Services Co. MA raised its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,289,126 shares of the auto parts company's stock after purchasing an additional 1,517,104 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 6.08% of Aptiv worth $864,206,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of Aptiv by 29.7% in the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock valued at $371,767,000 after purchasing an additional 1,408,433 shares during the period. Victory Capital Management Inc. raised its holdings in Aptiv by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock valued at $234,799,000 after acquiring an additional 223,831 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Aptiv by 19.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock worth $172,117,000 after acquiring an additional 468,069 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Aptiv by 25.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock worth $168,619,000 after acquiring an additional 552,066 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its position in shares of Aptiv by 18.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company's stock valued at $179,189,000 after purchasing an additional 388,045 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

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Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on APTV shares. HSBC upgraded Aptiv from a "hold" rating to a "buy" rating and raised their target price for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. Royal Bank of Canada boosted their price objective on shares of Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Barclays increased their target price on shares of Aptiv from $75.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Robert W. Baird upgraded shares of Aptiv from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $75.00 to $82.00 in a research report on Monday, January 27th. Finally, Wells Fargo & Company upped their price target on shares of Aptiv from $76.00 to $86.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Aptiv has an average rating of "Moderate Buy" and an average target price of $86.61.

Aptiv Trading Down 8.8 %

Shares of Aptiv stock traded down $5.35 during trading on Thursday, reaching $55.44. The company's stock had a trading volume of 4,064,924 shares, compared to its average volume of 3,431,905. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 0.62 and a beta of 1.78. The firm's 50-day moving average is $63.75 and its two-hundred day moving average is $62.80. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

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, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, sell-side analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

About Aptiv

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.