Federated Hermes Inc. Buys 8,100 Shares of Aptiv PLC (NYSE:APTV)

Federated Hermes Inc. raised its stake in shares of Aptiv PLC (NYSE:APTV) by 15.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 61,111 shares of the auto parts company’s stock after purchasing an additional 8,100 shares during the quarter. Federated Hermes Inc.’s holdings in Aptiv were worth $5,483,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Gradient Investments LLC boosted its stake in Aptiv by 36.1% during the fourth quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock worth $13,902,000 after buying an additional 41,135 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Aptiv during the 4th quarter worth about $13,120,000. Douglas Lane & Associates LLC boosted its position in shares of Aptiv by 20.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company’s stock valued at $33,973,000 after acquiring an additional 65,354 shares in the last quarter. Zenyatta Capital Management LP increased its stake in Aptiv by 53.8% in the fourth quarter. Zenyatta Capital Management LP now owns 50,000 shares of the auto parts company’s stock valued at $4,486,000 after acquiring an additional 17,500 shares during the period. Finally, Banque Pictet & Cie SA lifted its stake in Aptiv by 1.0% during the third quarter. Banque Pictet & Cie SA now owns 67,036 shares of the auto parts company’s stock worth $6,609,000 after purchasing an additional 670 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Down 1.8 %

Shares of APTV opened at $70.13 on Friday. The business’s fifty day moving average price is $76.63 and its two-hundred day moving average price is $81.69. The firm has a market capitalization of $19.12 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 0.90 and a beta of 1.90. Aptiv PLC has a 52 week low of $68.84 and a 52 week high of $113.60. 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 (EPS) 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 analysts’ expectations of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. On average, analysts predict that Aptiv PLC will post 5.62 earnings per share for the current year.

Insider Activity

In related news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the sale, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on APTV shares. Wells Fargo & Company dropped their target price on Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. Robert W. Baird downgraded shares of Aptiv from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Guggenheim reduced their price target on shares of Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Royal Bank of Canada dropped their price objective on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Finally, Morgan Stanley downgraded Aptiv from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $90.00 to $74.00 in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and an average price target of $109.93.

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.