Aptiv PLC (NYSE:APTV) Shares Purchased by Swedbank AB

Swedbank AB grew its position in shares of Aptiv PLC (NYSE:APTV) by 14.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 192,429 shares of the auto parts company’s stock after buying an additional 24,666 shares during the quarter. Swedbank AB’s holdings in Aptiv were worth $11,638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC lifted 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 valued at $550,759,000 after purchasing an additional 1,294,670 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of 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 valued at $386,103,000 after buying an additional 5,002,090 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of 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 during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in Aptiv by 18.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock worth $179,189,000 after buying an additional 388,045 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Aptiv by 4.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,386,232 shares of the auto parts company’s stock valued at $171,833,000 after acquiring an additional 108,626 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on APTV shares. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Royal Bank of Canada dropped their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. TD Cowen lowered their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.47.

Aptiv Trading Down 0.9 %

Shares of NYSE APTV opened at $62.35 on Friday. The stock has a market cap of $14.66 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 0.55 and a beta of 1.75. The business has a 50 day simple moving average of $59.44 and a 200 day simple moving average of $64.58. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $88.89.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 EPS. On average, research analysts predict that Aptiv PLC will post 6.18 earnings per share for the current fiscal year.

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.