JPMorgan Chase & Co. Increases Holdings in Aptiv PLC (NYSE:APTV)

JPMorgan Chase & Co. boosted its stake in Aptiv PLC (NYSE:APTV) by 25.4% in the 4th quarter, Holdings Channel reports. The firm owned 2,724,091 shares of the auto parts company’s stock after acquiring an additional 552,066 shares during the quarter. JPMorgan Chase & Co.’s holdings in Aptiv were worth $168,619,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Aptiv by 8.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company’s stock worth $28,700,000 after purchasing an additional 35,426 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Aptiv by 1.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 52,143 shares of the auto parts company’s stock worth $3,154,000 after buying an additional 533 shares during the last quarter. First American Trust FSB lifted its holdings in shares of Aptiv by 1.3% during the 4th quarter. First American Trust FSB now owns 50,213 shares of the auto parts company’s stock worth $3,037,000 after acquiring an additional 665 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Aptiv by 19.0% during the 4th quarter. LPL Financial LLC now owns 349,407 shares of the auto parts company’s stock valued at $21,132,000 after buying an additional 55,739 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Aptiv in the 4th quarter worth approximately $9,316,000. 94.21% of the stock is currently owned by institutional investors.

Aptiv Trading Down 0.7 %

Aptiv stock opened at $59.09 on Wednesday. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56. The firm’s 50 day moving average price is $63.96 and its 200-day moving average price is $62.87. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The stock has a market cap of $13.56 billion, a P/E ratio of 8.59, a PEG ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate 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 predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insider Activity at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction dated 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 directly owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com started coverage on shares of Aptiv in a report on Thursday, March 27th. They issued a “hold” rating on the stock. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and increased their price objective for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Friday, February 7th. Argus raised shares of Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. Finally, TD Cowen initiated coverage on shares of Aptiv in a research report on Friday, March 7th. They issued a “buy” rating and a $90.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $86.61.

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.