American International Group Inc. Increases Stock Position in Aptiv PLC (NYSE:APTV)

American International Group Inc. increased its position in Aptiv PLC (NYSE:APTVGet Rating) by 15.0% in the 4th quarter, HoldingsChannel reports. The fund owned 99,640 shares of the auto parts company’s stock after buying an additional 13,021 shares during the quarter. American International Group Inc.’s holdings in Aptiv were worth $16,436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in APTV. Allspring Global Investments Holdings LLC bought a new stake in Aptiv during the 4th quarter valued at about $317,360,000. Capital Research Global Investors raised its stake in shares of Aptiv by 17.8% during the 3rd quarter. Capital Research Global Investors now owns 9,334,431 shares of the auto parts company’s stock valued at $1,390,561,000 after buying an additional 1,408,073 shares during the last quarter. Nordea Investment Management AB increased its holdings in Aptiv by 163.7% in the fourth quarter. Nordea Investment Management AB now owns 1,487,272 shares of the auto parts company’s stock valued at $243,913,000 after buying an additional 923,292 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Aptiv by 16.0% in the fourth quarter. Bessemer Group Inc. now owns 3,623,765 shares of the auto parts company’s stock valued at $597,739,000 after purchasing an additional 499,369 shares during the period. Finally, UBS Asset Management Americas Inc. grew its stake in Aptiv by 12.1% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 4,388,425 shares of the auto parts company’s stock valued at $653,744,000 after acquiring an additional 472,139 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Several analysts have recently weighed in on APTV shares. Morgan Stanley reduced their target price on Aptiv from $200.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, April 6th. Cowen reduced their price target on Aptiv from $150.00 to $144.00 in a research report on Friday, May 6th. Royal Bank of Canada dropped their price objective on shares of Aptiv from $190.00 to $170.00 in a research note on Friday, February 4th. Citigroup decreased their price objective on shares of Aptiv from $206.00 to $181.00 in a report on Tuesday, April 5th. Finally, Raymond James cut their price objective on Aptiv from $215.00 to $158.00 in a report on Friday, May 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $159.50.

In related news, CEO Kevin P. Clark sold 5,830 shares of the firm’s stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $109.98, for a total value of $641,183.40. Following the sale, the chief executive officer now owns 676,822 shares of the company’s stock, valued at $74,436,883.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Shares of APTV opened at $91.07 on Wednesday. The company has a 50-day moving average of $107.82 and a 200 day moving average of $134.82. Aptiv PLC has a 1-year low of $88.15 and a 1-year high of $180.81. The firm has a market capitalization of $24.67 billion, a price-to-earnings ratio of 76.53, a PEG ratio of 2.16 and a beta of 2.01. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.60 and a quick ratio of 2.04.

Aptiv (NYSE:APTVGet Rating) last issued its earnings results on Thursday, May 5th. The auto parts company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.06 billion. Aptiv had a return on equity of 7.23% and a net margin of 2.43%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 earnings per share. On average, equities analysts anticipate that Aptiv PLC will post 4.01 earnings per share for the current fiscal year.

Aptiv Profile (Get Rating)

Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.

Further Reading

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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