First Horizon Advisors Inc. Has $312,000 Stock Holdings in Aptiv PLC (NYSE:APTV)

First Horizon Advisors Inc. grew its position in Aptiv PLC (NYSE:APTV) by 11.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,160 shares of the auto parts company’s stock after buying an additional 528 shares during the period. First Horizon Advisors Inc.’s holdings in Aptiv were worth $312,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Aptiv by 1,390.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after acquiring an additional 5,002,090 shares in the last quarter. Harris Associates L P bought a new position in shares of Aptiv during the 3rd quarter valued at about $162,640,000. Point72 Asset Management L.P. acquired a new position in shares of Aptiv in the 3rd quarter valued at approximately $143,909,000. FMR LLC grew its position in shares of Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after purchasing an additional 1,294,670 shares during the period. Finally, Franklin Resources Inc. increased its stake in Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after purchasing an additional 1,090,766 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on APTV. Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $53.00 to $65.00 in a research report on Thursday, January 23rd. Wells Fargo & Company upped their target price on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Argus raised shares of Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Evercore ISI reduced their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv Stock Down 0.2 %

APTV stock opened at $66.69 on Wednesday. The stock has a market capitalization of $15.30 billion, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $62.37 and a 200-day moving average price of $63.92. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $85.56.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

About Aptiv

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.