Norges Bank Acquires Shares of 1,760,787 Aptiv PLC (NYSE:APTV)

Norges Bank acquired a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,760,787 shares of the auto parts company's stock, valued at approximately $106,492,000. Norges Bank owned approximately 0.75% of Aptiv as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harris Associates L P purchased a new position in Aptiv during the 3rd quarter valued at about $162,640,000. Point72 Asset Management L.P. bought a new position in shares of Aptiv during the third quarter valued at approximately $143,909,000. Franklin Resources Inc. lifted its holdings 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 during the last quarter. Holocene Advisors LP bought a new stake in shares of Aptiv in the 3rd quarter worth approximately $56,159,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Aptiv by 25.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock worth $168,619,000 after buying an additional 552,066 shares during the last quarter. Hedge funds and other 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 stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value 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 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 at this hyperlink. Company insiders own 0.45% of the company's stock.

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Aptiv Stock Performance

NYSE APTV traded down $2.32 during trading hours on Friday, hitting $53.07. 5,973,052 shares of the company's stock traded hands, compared to its average volume of 3,451,946. Aptiv PLC has a 52 week low of $50.10 and a 52 week high of $85.56. The firm has a market capitalization of $12.18 billion, a P/E ratio of 7.71, a P/E/G ratio of 0.62 and a beta of 1.64. 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 fifty day moving average price is $63.55 and its two-hundred day moving average price is $62.59.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on APTV shares. Evercore ISI lowered their price objective on Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. StockNews.com assumed coverage on shares of Aptiv in a research note on Friday. They issued a "hold" rating on the stock. Royal Bank of Canada raised 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. Raymond James reiterated a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. Finally, Barclays raised their price target on shares of Aptiv from $75.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. One investment 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $86.61.

Aptiv 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.