Aptiv PLC (NYSE:APTV) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of Aptiv PLC (NYSE:APTV) by 13.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,235 shares of the auto parts company’s stock after selling 43,471 shares during the period. Principal Financial Group Inc. owned approximately 0.12% of Aptiv worth $16,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APTV. FMR LLC boosted its position in Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Aptiv by 1,390.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after buying an additional 5,002,090 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after buying an additional 1,090,766 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in 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 valued at $172,117,000 after buying an additional 468,069 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in 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 buying an additional 388,045 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Down 0.2 %

Shares of APTV opened at $66.69 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $15.30 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. The stock has a fifty day simple moving average of $62.37 and a two-hundred day simple moving average of $63.92. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on APTV shares. Oppenheimer increased their target price on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. Royal Bank of Canada boosted their price objective on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Barclays increased their target price on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, StockNews.com initiated coverage on shares of Aptiv in a research note on Sunday. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.61.

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.