Allspring Global Investments Holdings LLC Buys 113,633 Shares of Aptiv PLC $APTV

Allspring Global Investments Holdings LLC increased its position in shares of Aptiv PLC (NYSE:APTV) by 3.9% during the 1st quarter, Holdings Channel reports. The fund owned 3,029,539 shares of the auto parts company’s stock after buying an additional 113,633 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Aptiv were worth $210,371,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC raised its position in shares of Aptiv by 502.1% during the first quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock worth $926,000 after purchasing an additional 12,973 shares during the period. Woodline Partners LP grew its position in shares of Aptiv by 439.2% in the 1st quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock valued at $4,528,000 after purchasing an additional 61,994 shares during the period. Focus Partners Wealth increased its stake in Aptiv by 110.7% during the 1st quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock worth $566,000 after purchasing an additional 4,998 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after buying an additional 398 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Aptiv by 523.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock worth $175,000 after buying an additional 2,150 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

APTV has been the subject of several research analyst reports. UBS Group reduced their price target on shares of Aptiv from $97.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Wells Fargo & Company cut their price objective on shares of Aptiv from $82.00 to $77.00 and set an “overweight” rating on the stock in a research report on Thursday, June 25th. Evercore reduced their target price on shares of Aptiv from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. BNP Paribas Exane lowered their target price on Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Aptiv from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average price target of $82.50.

Aptiv Trading Up 0.4%

NYSE APTV opened at $59.17 on Friday. Aptiv PLC has a 12 month low of $51.68 and a 12 month high of $88.93. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98. The stock has a 50 day moving average of $61.61 and a 200-day moving average of $68.58. The company has a market cap of $12.52 billion, a PE ratio of 35.01, a PEG ratio of 1.10 and a beta of 1.46.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.69 earnings per share. On average, equities research analysts anticipate that Aptiv PLC will post 5.93 EPS for the current fiscal year.

Insider Buying and Selling at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the sale, the executive vice president directly owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by corporate insiders.

Aptiv Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.