APG Asset Management N.V. Boosts Stake in Aptiv PLC (NYSE:APTV)

APG Asset Management N.V. raised its position in Aptiv PLC (NYSE:APTV) by 334.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 280,114 shares of the auto parts company’s stock after buying an additional 215,690 shares during the period. APG Asset Management N.V. owned approximately 0.12% of Aptiv worth $16,360,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management bought a new position in shares of Aptiv during the fourth quarter worth about $37,000. CENTRAL TRUST Co lifted its position in shares of Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position in shares of Aptiv by 163.1% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 1,145 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Aptiv by 93.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 918 shares during the last quarter. Finally, Westpac Banking Corp lifted its position in shares of Aptiv by 21.9% during the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 341 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Trading Up 10.2 %

Shares of Aptiv stock opened at $54.41 on Thursday. Aptiv PLC has a 12-month low of $47.78 and a 12-month high of $85.56. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 0.62 and a beta of 1.64. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average price is $62.43 and its 200-day moving average price is $62.05.

Aptiv (NYSE:APTV) last announced its quarterly earnings results 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%. On average, equities analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on APTV shares. StockNews.com started coverage on shares of Aptiv in a research note on Friday, April 4th. They issued a “hold” rating on the stock. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and raised their price target for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Piper Sandler raised their price target on shares of Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Raymond James restated a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. Finally, Evercore ISI lowered their price objective on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. One 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.61.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares in the company, valued at $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 SEC, which is available at this link. Company insiders own 0.45% of the company’s stock.

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.