First Pacific Financial Raises Holdings in Aptiv PLC (NYSE:APTV)

First Pacific Financial lifted its position in Aptiv PLC (NYSE:APTV) by 15.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,695 shares of the auto parts company’s stock after buying an additional 615 shares during the period. First Pacific Financial’s holdings in Aptiv were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Aptiv by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after purchasing an additional 1,265,774 shares during the period. BlackRock Inc. raised its holdings in Aptiv by 2.4% in the 2nd quarter. BlackRock Inc. now owns 22,256,811 shares of the auto parts company’s stock worth $2,272,198,000 after purchasing an additional 522,041 shares during the period. State Street Corp raised its holdings in Aptiv by 3.4% during the second quarter. State Street Corp now owns 10,441,884 shares of the auto parts company’s stock valued at $1,066,012,000 after acquiring an additional 344,113 shares during the period. Impax Asset Management Group plc raised its holdings in Aptiv by 10.7% during the third quarter. Impax Asset Management Group plc now owns 6,790,225 shares of the auto parts company’s stock valued at $668,843,000 after acquiring an additional 656,845 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Aptiv by 2.2% during the first quarter. Geode Capital Management LLC now owns 5,614,676 shares of the auto parts company’s stock valued at $628,481,000 after acquiring an additional 123,352 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

Aptiv Stock Performance

Aptiv stock opened at $78.64 on Thursday. The company has a market capitalization of $21.44 billion, a PE ratio of 7.59, a P/E/G ratio of 0.99 and a beta of 1.90. Aptiv PLC has a fifty-two week low of $71.01 and a fifty-two week high of $113.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. The company has a 50 day moving average price of $80.06 and a 200-day moving average price of $85.25.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. As a group, equities analysts forecast that Aptiv PLC will post 5.67 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup decreased their price target on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Wells Fargo & Company lifted their target price on Aptiv from $79.00 to $84.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Guggenheim reduced their target price on Aptiv from $120.00 to $103.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Oppenheimer reduced their target price on Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Finally, Robert W. Baird cut Aptiv from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $105.00 to $96.00 in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $113.57.

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.