Russell Investments Group Ltd. Grows Stock Holdings in Aptiv PLC (NYSE:APTV)

Russell Investments Group Ltd. increased its stake in shares of Aptiv PLC (NYSE:APTV) by 48.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 676,911 shares of the auto parts company’s stock after purchasing an additional 221,421 shares during the quarter. Russell Investments Group Ltd. owned 0.25% of Aptiv worth $53,544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APTV. Public Sector Pension Investment Board boosted its stake in shares of Aptiv by 17.0% in the third quarter. Public Sector Pension Investment Board now owns 30,295 shares of the auto parts company’s stock valued at $2,987,000 after buying an additional 4,393 shares in the last quarter. Ziegler Capital Management LLC purchased a new position in Aptiv in the 4th quarter valued at approximately $5,742,000. Chesley Taft & Associates LLC raised its stake in shares of Aptiv by 30.7% during the 4th quarter. Chesley Taft & Associates LLC now owns 35,493 shares of the auto parts company’s stock worth $3,184,000 after buying an additional 8,335 shares during the last quarter. OneAscent Financial Services LLC increased its holdings in Aptiv by 30.3% during the 4th quarter. OneAscent Financial Services LLC now owns 3,333 shares of the auto parts company’s stock valued at $299,000 after acquiring an additional 775 shares in the last quarter. Finally, Parkside Investments LLC increased its stake in shares of Aptiv by 7.4% during the 4th quarter. Parkside Investments LLC now owns 55,405 shares of the auto parts company’s stock worth $4,971,000 after purchasing an additional 3,800 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on APTV shares. Wells Fargo & Company lowered their target price on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Oppenheimer reiterated an “outperform” rating and issued a $145.00 price target on shares of Aptiv in a report on Tuesday, July 9th. JPMorgan Chase & Co. increased their price objective on shares of Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Guggenheim increased their price target on Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Evercore ISI reduced their price objective on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and a consensus target price of $98.92.

Aptiv Stock Performance

APTV traded down $1.39 on Wednesday, hitting $72.02. 1,164,291 shares of the stock traded hands, compared to its average volume of 2,781,625. Aptiv PLC has a 52 week low of $65.13 and a 52 week high of $113.14. The firm has a market capitalization of $19.59 billion, a PE ratio of 6.92, a P/E/G ratio of 0.69 and a beta of 1.79. The business has a fifty day moving average price of $76.69 and a two-hundred day moving average price of $78.11. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42.

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

Insiders Place Their Bets

In related news, Director Nancy E. Cooper sold 394 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the sale, the director now directly owns 13,636 shares in the company, valued at approximately $1,049,699.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

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.