Tocqueville Asset Management L.P. Has $3.97 Million Stock Position in Aptiv PLC (NYSE:APTV)

Tocqueville Asset Management L.P. boosted its stake in shares of Aptiv PLC (NYSE:APTV) by 301.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 65,646 shares of the auto parts company’s stock after buying an additional 49,281 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Aptiv were worth $3,970,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after buying an additional 1,294,670 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Aptiv by 1,390.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after acquiring an additional 5,002,090 shares in the last quarter. Franklin Resources Inc. lifted its stake in Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after acquiring an additional 1,090,766 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Aptiv by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock valued at $234,799,000 after acquiring an additional 223,831 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Aptiv by 19.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock worth $172,117,000 after purchasing an additional 468,069 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Stock Performance

APTV opened at $62.74 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The firm has a market cap of $14.39 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The business’s fifty day moving average is $63.69 and its 200-day moving average is $63.31.

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

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction on 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 directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on APTV. StockNews.com began coverage on Aptiv in a report on Wednesday. They set a “hold” rating for the company. Raymond James reiterated a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and increased their price target for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Argus raised shares of Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. Finally, TD Cowen assumed coverage on shares of Aptiv in a research note on Friday, March 7th. They set a “buy” rating and a $90.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average price target of $86.50.

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.