Asset Management One Co. Ltd. Boosts Stake in Aptiv PLC (NYSE:APTV)

Asset Management One Co. Ltd. grew its stake in shares of Aptiv PLC (NYSE:APTV) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,901 shares of the auto parts company’s stock after buying an additional 475 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Aptiv were worth $6,149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Ingalls & Snyder LLC purchased a new stake in shares of Aptiv during the 4th quarter valued at $1,488,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Aptiv by 19.6% during the 4th 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 purchasing an additional 468,069 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of Aptiv by 2.3% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 23,977 shares of the auto parts company’s stock valued at $1,450,000 after purchasing an additional 546 shares during the last quarter. Focus Financial Network Inc. bought a new position in shares of Aptiv during the 4th quarter valued at $379,000. Finally, Empowered Funds LLC grew its holdings in shares of Aptiv by 2,056.7% during the 4th quarter. Empowered Funds LLC now owns 138,118 shares of the auto parts company’s stock valued at $8,353,000 after purchasing an additional 131,714 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

APTV has been the topic of several recent research reports. Morgan Stanley reduced their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Friday, February 7th. Wells Fargo & Company raised 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. StockNews.com assumed coverage on shares of Aptiv in a report on Saturday. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada raised their price target on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One equities 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv Trading Down 0.3 %

Shares of NYSE APTV opened at $66.81 on Wednesday. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56. The stock has a market cap of $15.70 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 0.54 and a beta of 1.74. The firm has a 50-day moving average of $61.34 and a 200 day moving average of $64.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last issued its quarterly earnings results 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%. As a group, sell-side analysts expect that Aptiv PLC will post 7.14 EPS for the current fiscal year.

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.