First Horizon Advisors Inc. Increases Stock Holdings in Aptiv PLC (NYSE:APTV)

First Horizon Advisors Inc. boosted its position in shares of Aptiv PLC (NYSE:APTV) by 98.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 592 shares of the auto parts company’s stock after purchasing an additional 293 shares during the period. First Horizon Advisors Inc.’s holdings in Aptiv were worth $53,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mackenzie Financial Corp raised its position in shares of Aptiv by 9.0% during the 3rd quarter. Mackenzie Financial Corp now owns 208,324 shares of the auto parts company’s stock valued at $19,701,000 after buying an additional 17,209 shares during the period. Advisor Partners II LLC raised its position in Aptiv by 10.0% in the third quarter. Advisor Partners II LLC now owns 11,527 shares of the auto parts company’s stock valued at $1,136,000 after purchasing an additional 1,046 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Aptiv by 7.4% in the 3rd quarter. Park Avenue Securities LLC now owns 18,384 shares of the auto parts company’s stock valued at $1,812,000 after purchasing an additional 1,273 shares during the last quarter. Gratus Capital LLC increased its position in shares of Aptiv by 0.4% during the 3rd quarter. Gratus Capital LLC now owns 68,162 shares of the auto parts company’s stock worth $6,720,000 after purchasing an additional 292 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in Aptiv by 5.3% in the 3rd quarter. TD Asset Management Inc now owns 90,038 shares of the auto parts company’s stock valued at $8,877,000 after buying an additional 4,504 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on APTV shares. Citigroup dropped their price target on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Oppenheimer cut their target price on Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Wells Fargo & Company lowered their price target on Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Guggenheim cut their price objective on Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. lifted their target price on Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.15.

Aptiv Stock Down 1.7 %

Shares of NYSE:APTV opened at $83.01 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. Aptiv PLC has a fifty-two week low of $68.84 and a fifty-two week high of $113.60. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 0.97 and a beta of 1.90. The firm’s 50 day moving average price is $76.35 and its 200 day moving average price is $80.42.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The business had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the previous year, the company earned $0.91 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities research analysts predict that Aptiv PLC will post 5.99 earnings per share for the current fiscal year.

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.