BNP Paribas Financial Markets Raises Position in Aptiv PLC (NYSE:APTV)

BNP Paribas Financial Markets grew its position in shares of Aptiv PLC (NYSE:APTV) by 102.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 533,917 shares of the auto parts company’s stock after acquiring an additional 269,770 shares during the period. BNP Paribas Financial Markets owned about 0.23% of Aptiv worth $32,291,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. World Investment Advisors LLC purchased a new stake in shares of Aptiv in the 3rd quarter worth about $212,000. Tidal Investments LLC lifted its holdings in shares of Aptiv by 29.7% during the third quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company’s stock valued at $1,117,000 after purchasing an additional 3,553 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Aptiv by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company’s stock worth $22,806,000 after purchasing an additional 3,400 shares in the last quarter. Shorepath Capital Management LLC grew its stake in shares of Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after buying an additional 11,835 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in Aptiv during the 4th quarter valued at approximately $865,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

APTV stock opened at $61.10 on Friday. The company has a fifty day simple moving average of $57.98 and a two-hundred day simple moving average of $59.74. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $13.30 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $85.35.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Aptiv’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 EPS. Analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on APTV. Robert W. Baird lowered their price target on Aptiv from $84.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Piper Sandler upped their target price on shares of Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Evercore ISI reduced their price target on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Guggenheim reduced their target price on Aptiv from $75.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, TD Cowen assumed coverage on Aptiv in a report on Friday, March 7th. They set a “buy” rating and a $90.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.06.

Insider Buying and Selling

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’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 transaction, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.45% of the stock is owned by insiders.

Aptiv 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.