Allspring Global Investments Holdings LLC grew its holdings in shares of Aptiv PLC (NYSE:APTV – Free Report) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,915,906 shares of the auto parts company’s stock after purchasing an additional 81,492 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.35% of Aptiv worth $228,724,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of APTV. State Street Corp lifted its holdings in Aptiv by 1.2% in the second quarter. State Street Corp now owns 9,754,226 shares of the auto parts company’s stock worth $665,433,000 after purchasing an additional 111,506 shares during the period. Nordea Investment Management AB increased its stake in Aptiv by 34.2% during the 4th quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after buying an additional 1,167,946 shares during the period. Impax Asset Management Group plc raised its position in shares of Aptiv by 54.5% during the 3rd quarter. Impax Asset Management Group plc now owns 4,523,145 shares of the auto parts company’s stock worth $389,986,000 after buying an additional 1,595,276 shares in the last quarter. Boston Partners raised its position in shares of Aptiv by 29.2% during the 3rd quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock worth $361,385,000 after buying an additional 948,327 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Aptiv by 9.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,831,441 shares of the auto parts company’s stock worth $261,381,000 after acquiring an additional 315,824 shares during the period. 94.21% of the stock is currently owned by institutional investors.
Aptiv Trading Down 0.7%
Aptiv stock opened at $66.57 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.23 and a current ratio of 1.74. The firm has a market cap of $14.19 billion, a price-to-earnings ratio of 87.59, a price-to-earnings-growth ratio of 0.97 and a beta of 1.50. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $88.93. The firm’s 50 day moving average price is $75.97 and its two-hundred day moving average price is $79.33.
Insider Activity at Aptiv
In related news, EVP Katherine H. Ramundo sold 5,000 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $85.00, for a total value of $425,000.00. Following the completion of the transaction, the executive vice president owned 116,959 shares in the company, valued at $9,941,515. This trade represents a 4.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.06% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
APTV has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Aptiv from $104.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Zacks Research lowered Aptiv from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. TD Cowen boosted their price objective on Aptiv from $107.00 to $108.00 in a research note on Tuesday, February 3rd. Bank of America assumed coverage on Aptiv in a report on Wednesday, March 4th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. raised their target price on Aptiv from $104.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $99.05.
Get Our Latest Stock Analysis on Aptiv
Aptiv Profile
Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.
Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.
See Also
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