Avanza Fonder AB Acquires New Shares in Aptiv PLC (NYSE:APTV)

Avanza Fonder AB bought a new position in shares of Aptiv PLC (NYSE:APTV) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 22,696 shares of the auto parts company’s stock, valued at approximately $1,379,000.

A number of other large investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Aptiv during the fourth quarter worth about $106,492,000. Pictet Asset Management Holding SA increased its stake in shares of Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock worth $102,262,000 after purchasing an additional 1,539,724 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after purchasing an additional 1,517,104 shares during the period. Franklin Resources Inc. grew its position in Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after buying an additional 1,408,433 shares in the last quarter. Finally, Paloma Partners Management Co boosted its holdings in shares of Aptiv by 968.7% in the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company’s stock valued at $55,007,000 after purchasing an additional 824,400 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

Shares of APTV opened at $70.12 on Thursday. The firm has a market cap of $15.27 billion, a PE ratio of 10.19, a PEG ratio of 0.62 and a beta of 1.47. The stock’s fifty day moving average price is $60.34 and its two-hundred day moving average price is $61.10. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $80.95.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. On average, equities research analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen began coverage on Aptiv in a research report on Thursday, May 22nd. They set a “hold” rating on the stock. Guggenheim downgraded Aptiv from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 4th. Morgan Stanley lowered their target price on Aptiv from $60.00 to $55.00 and set an “underweight” rating for the company in a report on Monday, May 19th. Robert W. Baird decreased their price objective on Aptiv from $84.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Finally, Piper Sandler set a $70.00 price objective on Aptiv and gave the company a “neutral” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

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.