Aptiv PLC (NYSE:APTV) Shares Bought by KBC Group NV

KBC Group NV grew its stake in Aptiv PLC (NYSE:APTV) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,558 shares of the auto parts company’s stock after purchasing an additional 6,488 shares during the quarter. KBC Group NV’s holdings in Aptiv were worth $4,812,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Aptiv by 1,390.6% during the 3rd 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 buying an additional 5,002,090 shares during the last quarter. Harris Associates L P bought a new position in Aptiv during the third quarter worth $162,640,000. Point72 Asset Management L.P. acquired a new position in Aptiv in the third quarter worth $143,909,000. FMR LLC increased its stake in Aptiv by 20.4% during the third 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 last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Aptiv by 29.9% during the third 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 during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Performance

Shares of Aptiv stock opened at $62.88 on Friday. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $88.89. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The stock has a market cap of $14.78 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The business has a fifty day simple moving average of $59.25 and a 200-day simple moving average of $64.59.

Aptiv (NYSE:APTV) last announced 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 during the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.30 EPS. On average, sell-side analysts anticipate that Aptiv PLC will post 6.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Guggenheim reaffirmed a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Barclays dropped their price target on Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Oppenheimer lowered their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. StockNews.com started coverage on Aptiv in a research report on Thursday. They issued a “hold” rating on the stock. Finally, Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and raised their target price for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and a consensus target price 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.