Prospector Partners LLC Raises Stock Position in Aptiv PLC (NYSE:APTV)

Prospector Partners LLC boosted its position in Aptiv PLC (NYSE:APTV - Free Report) by 53.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,810 shares of the auto parts company's stock after buying an additional 67,646 shares during the period. Prospector Partners LLC owned approximately 0.08% of Aptiv worth $11,782,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Aptiv in the 4th quarter valued at approximately $106,492,000. Pictet Asset Management Holding SA lifted its holdings in Aptiv by 1,018.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock valued at $102,262,000 after acquiring an additional 1,539,724 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Aptiv by 11.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after purchasing an additional 1,517,104 shares during the period. Franklin Resources Inc. increased its holdings in shares of Aptiv by 29.7% in the 4th 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake 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 valued at $168,619,000 after purchasing an additional 552,066 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of brokerages have issued reports on APTV. Royal Bank of Canada increased their target price on shares of Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Barclays lifted their price objective on Aptiv from $75.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a "hold" rating to a "buy" rating and set a $78.00 target price on the stock in a research report on Friday, February 7th. Wells Fargo & Company raised their price target on Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, Argus upgraded shares of Aptiv to a "strong-buy" rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.78.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.45% of the stock is owned by company insiders.

Aptiv Trading Down 3.2 %

NYSE APTV traded down $1.56 during trading hours on Friday, hitting $47.86. 1,829,982 shares of the company's stock were exchanged, compared to its average volume of 3,489,877. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm has a market capitalization of $10.98 billion, a P/E ratio of 6.92, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The business's 50 day moving average is $62.21 and its 200-day moving average is $61.89. Aptiv PLC has a 12-month low of $47.20 and a 12-month high of $85.56.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping 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%. As a group, analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal 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.