Aptiv PLC (NYSE:APTV) Shares Acquired by Swedbank AB

Swedbank AB raised its holdings in shares of Aptiv PLC (NYSE:APTV) by 14.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,429 shares of the auto parts company’s stock after acquiring an additional 24,666 shares during the quarter. Swedbank AB owned approximately 0.08% of Aptiv worth $11,638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. increased its position in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC increased its position in Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Aptiv in the 3rd quarter valued at about $43,000. Brooklyn Investment Group acquired a new stake in shares of Aptiv during the 3rd quarter worth about $43,000. Finally, Mather Group LLC. grew its holdings in shares of Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Down 0.9 %

NYSE APTV opened at $62.35 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $88.89. The business has a 50 day moving average price of $59.44 and a two-hundred day moving average price of $64.58. The stock has a market cap of $14.66 billion, a PE ratio of 6.96, a P/E/G ratio of 0.55 and a beta of 1.75.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 EPS. As a group, sell-side analysts predict that Aptiv PLC will post 6.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. Royal Bank of Canada decreased their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Oppenheimer dropped their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company raised their price target on Aptiv from $70.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, StockNews.com assumed coverage on shares of Aptiv in a research note on Thursday. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.47.

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.