KBC Group NV Has $4.81 Million Stock Position in Aptiv PLC (NYSE:APTV)

KBC Group NV grew its position in Aptiv PLC (NYSE:APTV) by 8.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 79,558 shares of the auto parts company’s stock after acquiring an additional 6,488 shares during the quarter. KBC Group NV’s holdings in Aptiv were worth $4,812,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APTV. Wolff Wiese Magana LLC raised its position in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares in the last quarter. Mather Group LLC. increased its stake in shares of Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after purchasing an additional 176 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Aptiv by 16.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock valued at $88,000 after purchasing an additional 176 shares during the last quarter. Boston Common Asset Management LLC boosted its holdings in Aptiv by 4.8% in the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock worth $249,000 after purchasing an additional 188 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in Aptiv by 4.9% during the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock worth $334,000 after buying an additional 218 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APTV has been the subject of a number of analyst reports. Bank of America reduced their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Morgan Stanley decreased their target price on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. StockNews.com started coverage on Aptiv in a report on Thursday. They set a “hold” rating on the stock. TD Cowen reduced their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Guggenheim reiterated a “buy” rating and issued a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $85.47.

Aptiv Stock Performance

Shares of NYSE APTV opened at $62.88 on Friday. The firm has a market capitalization of $14.78 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 0.56 and a beta of 1.75. Aptiv PLC has a one year low of $51.47 and a one year high of $88.89. The business has a fifty day simple moving average of $59.25 and a 200 day simple moving average of $64.59. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 EPS. Sell-side analysts expect that Aptiv PLC will post 6.15 EPS for the current year.

About Aptiv

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.