OLD National Bancorp IN Increases Holdings in Aptiv PLC (NYSE:APTV)

OLD National Bancorp IN increased its stake in Aptiv PLC (NYSE:APTV) by 23.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 70,926 shares of the auto parts company’s stock after buying an additional 13,579 shares during the quarter. OLD National Bancorp IN’s holdings in Aptiv were worth $6,363,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in APTV. Vanguard Group Inc. grew its stake in shares of Aptiv by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after acquiring an additional 1,265,774 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Aptiv by 65.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,158,382 shares of the auto parts company’s stock worth $193,650,000 after purchasing an additional 850,294 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Aptiv by 138.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock worth $127,121,000 after purchasing an additional 747,666 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of Aptiv by 10.7% in the third quarter. Impax Asset Management Group plc now owns 6,790,225 shares of the auto parts company’s stock valued at $668,843,000 after purchasing an additional 656,845 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in Aptiv in the 3rd quarter worth approximately $52,529,000. Institutional investors own 94.21% of the company’s stock.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

APTV has been the topic of a number of analyst reports. Robert W. Baird lowered Aptiv from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Citigroup decreased their price target on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. JPMorgan Chase & Co. cut their price objective on shares of Aptiv from $110.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday. Royal Bank of Canada lowered their price objective on Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Finally, Morgan Stanley cut Aptiv from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $90.00 to $74.00 in a research report on Wednesday, February 7th. One equities 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.93.

Aptiv Price Performance

Shares of APTV stock traded up $0.67 during trading hours on Monday, hitting $70.30. 208,768 shares of the company’s stock were exchanged, compared to its average volume of 2,646,795. Aptiv PLC has a 12-month low of $68.84 and a 12-month high of $113.60. The company has a market capitalization of $19.17 billion, a PE ratio of 6.76, a PEG ratio of 0.89 and a beta of 1.90. The business’s 50 day simple moving average is $77.42 and its 200-day simple moving average is $82.20. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. On average, equities research analysts anticipate that Aptiv PLC will post 5.63 earnings per share for the current 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.