Ninety One UK Ltd Raises Holdings in Aptiv PLC (NYSE:APTV)

Ninety One UK Ltd lifted its position in Aptiv PLC (NYSE:APTV) by 6.2% during the 4th quarter, HoldingsChannel reports. The firm owned 2,233,235 shares of the auto parts company’s stock after acquiring an additional 129,792 shares during the quarter. Ninety One UK Ltd’s holdings in Aptiv were worth $200,366,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Salem Investment Counselors Inc. increased its stake in Aptiv by 176.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 176 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Aptiv during the 4th quarter valued at approximately $29,000. FWL Investment Management LLC purchased a new position in shares of Aptiv in the fourth quarter valued at $30,000. BluePath Capital Management LLC bought a new stake in Aptiv in the third quarter worth $55,000. Finally, KB Financial Partners LLC purchased a new stake in Aptiv during the first quarter valued at $56,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Trading Up 0.4 %

Shares of NYSE:APTV traded up $0.26 on Thursday, hitting $69.61. 777,605 shares of the company’s stock were exchanged, compared to its average volume of 2,677,521. The stock has a market capitalization of $18.98 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 0.93 and a beta of 1.90. Aptiv PLC has a 12 month low of $68.84 and a 12 month high of $113.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The business’s 50 day simple moving average is $77.91 and its two-hundred day simple moving average is $82.67.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. Analysts anticipate that Aptiv PLC will post 5.66 EPS for the current fiscal year.

Analyst Ratings Changes

APTV has been the subject of a number of recent research reports. Oppenheimer dropped their price objective on shares of Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Citigroup reduced their price objective on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Guggenheim lowered their price objective on Aptiv from $103.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday. Piper Sandler cut their target price on Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Finally, Robert W. Baird downgraded Aptiv from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $105.00 to $96.00 in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.36.

Insider Activity

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, the senior vice president now 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 can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

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.