Ninety One North America Inc. Increases Stock Holdings in Aptiv PLC (NYSE:APTV)

Ninety One North America Inc. boosted its holdings in shares of Aptiv PLC (NYSE:APTV) by 66.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 89,833 shares of the auto parts company’s stock after acquiring an additional 35,817 shares during the quarter. Ninety One North America Inc.’s holdings in Aptiv were worth $8,060,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Aptiv by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock valued at $3,092,966,000 after acquiring an additional 1,265,774 shares during the period. Impax Asset Management Group plc boosted its holdings in Aptiv by 7.1% during the 4th quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock valued at $651,978,000 after acquiring an additional 483,157 shares during the period. Geode Capital Management LLC boosted its holdings in Aptiv by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 5,614,676 shares of the auto parts company’s stock valued at $628,481,000 after acquiring an additional 123,352 shares during the period. American Century Companies Inc. boosted its holdings in Aptiv by 1.1% during the 3rd quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock valued at $496,706,000 after acquiring an additional 53,288 shares during the period. Finally, Norges Bank purchased a new position in Aptiv during the 4th quarter valued at $382,261,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on APTV shares. Barclays decreased their target price on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Guggenheim decreased their target price on Aptiv from $103.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday. Morgan Stanley lowered Aptiv from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $90.00 to $74.00 in a research report on Wednesday, February 7th. Piper Sandler decreased their target price on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Finally, Oppenheimer decreased their target price on Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.36.

Aptiv Stock Up 0.1 %

NYSE:APTV traded up $0.10 during mid-day trading on Thursday, hitting $69.45. 728,497 shares of the company’s stock traded hands, compared to its average volume of 2,676,792. The company has a fifty day moving average of $77.91 and a 200 day moving average of $82.67. Aptiv PLC has a twelve month low of $68.84 and a twelve month high of $113.60. The company has a market capitalization of $18.94 billion, a P/E ratio of 6.78, a P/E/G ratio of 0.93 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. On average, analysts forecast that Aptiv PLC will post 5.66 EPS for the current year.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the sale, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.34% of the company’s stock.

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.