Meiji Yasuda Asset Management Co Ltd. Increases Holdings in Aptiv PLC (NYSE:APTV)

Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Aptiv PLC (NYSE:APTV) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,143 shares of the auto parts company’s stock after acquiring an additional 533 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Aptiv were worth $3,154,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Brown Brothers Harriman & Co. boosted its stake in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares during the period. Picton Mahoney Asset Management bought a new position in shares of Aptiv during the fourth quarter worth $37,000. Brooklyn Investment Group purchased a new position in Aptiv during the third quarter valued at $43,000. CENTRAL TRUST Co grew its stake in Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after acquiring an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new stake in Aptiv in the 3rd quarter valued at $64,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is owned by insiders.

Aptiv Stock Performance

Shares of Aptiv stock opened at $64.47 on Wednesday. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The company has a market capitalization of $14.79 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The stock’s fifty day moving average is $63.94 and its two-hundred day moving average is $63.07. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Oppenheimer raised their price objective on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Evercore ISI cut their price target on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Piper Sandler lifted their price objective on Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Royal Bank of Canada increased their target price on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, TD Cowen initiated coverage on shares of Aptiv in a research report on Friday, March 7th. They issued a “buy” rating and a $90.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.61.

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.