Allspring Global Investments Holdings LLC Has $171.83 Million Position in Aptiv PLC (NYSE:APTV)

Allspring Global Investments Holdings LLC raised its stake in Aptiv PLC (NYSE:APTV - Free Report) by 4.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,386,232 shares of the auto parts company's stock after buying an additional 108,626 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.88% of Aptiv worth $171,833,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Broderick Brian C lifted its stake in Aptiv by 0.6% in the first quarter. Broderick Brian C now owns 21,728 shares of the auto parts company's stock valued at $1,731,000 after buying an additional 132 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock valued at $36,000 after buying an additional 155 shares during the last quarter. Signaturefd LLC lifted its stake in Aptiv by 6.2% in the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company's stock valued at $189,000 after buying an additional 156 shares during the last quarter. Mather Group LLC. raised its stake in shares of Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company's stock valued at $47,000 after purchasing an additional 176 shares in the last quarter. Finally, Crewe Advisors LLC raised its stake in shares of Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 215 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Trading Up 2.7 %

APTV traded up $1.86 during trading on Friday, reaching $71.76. The company had a trading volume of 2,134,913 shares, compared to its average volume of 2,967,918. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. Aptiv PLC has a 12-month low of $63.62 and a 12-month high of $93.41. The firm's 50-day simple moving average is $70.08 and its 200 day simple moving average is $72.96. The company has a market cap of $19.52 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 0.65 and a beta of 1.79.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The company had revenue of $5.05 billion for the quarter, compared to analysts' expectations of $5.30 billion. During the same quarter in the previous year, the business posted $1.25 EPS. The business's revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts anticipate that Aptiv PLC will post 6.28 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on APTV shares. Piper Sandler cut shares of Aptiv from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $78.00 to $63.00 in a research note on Wednesday, June 26th. Citigroup cut their price objective on shares of Aptiv from $128.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, July 12th. Robert W. Baird cut their price objective on shares of Aptiv from $90.00 to $83.00 and set a "neutral" rating on the stock in a research note on Friday, July 12th. Morgan Stanley lowered their target price on Aptiv from $70.00 to $68.00 and set an "underweight" rating on the stock in a report on Wednesday, September 25th. Finally, Wells Fargo & Company raised Aptiv from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $78.00 to $87.00 in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Aptiv currently has an average rating of "Moderate Buy" and an average price target of $95.13.

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.