APG Asset Management N.V. Acquires 215,690 Shares of Aptiv PLC (NYSE:APTV)

APG Asset Management N.V. boosted its holdings in Aptiv PLC (NYSE:APTV) by 334.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280,114 shares of the auto parts company’s stock after purchasing an additional 215,690 shares during the quarter. APG Asset Management N.V.’s holdings in Aptiv were worth $16,360,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Aptiv during the 3rd quarter worth approximately $234,000. Quantinno Capital Management LP raised its holdings in Aptiv by 141.5% during the 3rd quarter. Quantinno Capital Management LP now owns 14,350 shares of the auto parts company’s stock valued at $1,033,000 after buying an additional 8,407 shares during the period. Wellington Management Group LLP raised its holdings in Aptiv by 1.5% during the 3rd quarter. Wellington Management Group LLP now owns 539,042 shares of the auto parts company’s stock valued at $38,816,000 after buying an additional 7,908 shares during the period. EP Wealth Advisors LLC purchased a new stake in Aptiv during the 3rd quarter valued at $537,000. Finally, National Bank of Canada FI raised its holdings in Aptiv by 22.8% during the 3rd quarter. National Bank of Canada FI now owns 211,630 shares of the auto parts company’s stock valued at $15,239,000 after buying an additional 39,315 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on APTV shares. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and increased their price target for the company from $75.00 to $82.00 in a report on Monday, January 27th. Evercore ISI reduced their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Argus upgraded Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. Oppenheimer increased their target price on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company increased their target price on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.61.

Insider Activity

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. The trade was 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 accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

Aptiv Stock Performance

NYSE APTV opened at $54.41 on Thursday. Aptiv PLC has a 1-year low of $47.78 and a 1-year high of $85.56. The company has a market capitalization of $12.48 billion, a P/E ratio of 7.91, a PEG ratio of 0.62 and a beta of 1.64. The business has a 50 day moving average price of $62.43 and a 200 day moving average price of $62.05. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Sell-side analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Aptiv Company 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.