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

Ninety One North America Inc. grew its stake in Aptiv PLC (NYSE:APTV) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,967 shares of the auto parts company’s stock after buying an additional 4,884 shares during the quarter. Ninety One North America Inc. owned approximately 0.08% of Aptiv worth $11,489,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 valued at $386,103,000 after buying an additional 5,002,090 shares during the last quarter. Harris Associates L P bought a new position in Aptiv during the third quarter valued at approximately $162,640,000. Point72 Asset Management L.P. bought a new position in Aptiv during the third quarter valued at approximately $143,909,000. FMR LLC boosted its stake in Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after buying an additional 1,294,670 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake 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 valued at $336,861,000 after buying an additional 1,090,766 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 0.9 %

Aptiv stock opened at $61.23 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The stock has a market capitalization of $14.39 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 0.55 and a beta of 1.74. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The business has a fifty day moving average price of $59.60 and a 200-day moving average price of $64.40.

Analyst Ratings Changes

Several research firms have recently issued reports on APTV. Barclays lowered their price objective on Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $53.00 to $65.00 in a report on Thursday, January 23rd. TD Cowen reduced their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Oppenheimer reduced their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Wells Fargo & Company raised their price objective on Aptiv from $70.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $85.00.

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.