Northern Trust Corp Increases Position in Aptiv PLC (NYSE:APTV)

Northern Trust Corp lifted its stake in Aptiv PLC (NYSE:APTV) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,427,968 shares of the auto parts company’s stock after purchasing an additional 139,843 shares during the period. Northern Trust Corp’s holdings in Aptiv were worth $146,844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in shares of Aptiv during the 3rd quarter worth $783,000. World Investment Advisors LLC acquired a new position in Aptiv during the third quarter worth about $212,000. Tidal Investments LLC lifted its holdings in shares of Aptiv by 29.7% in the third quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company’s stock valued at $1,117,000 after purchasing an additional 3,553 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after purchasing an additional 1,090,766 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Aptiv by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company’s stock worth $22,806,000 after purchasing an additional 3,400 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by insiders.

Aptiv Stock Up 3.6 %

Shares of Aptiv stock opened at $58.99 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $85.56. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The company has a fifty day moving average price of $58.45 and a 200 day moving average price of $60.05.

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

Analyst Ratings Changes

APTV has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Friday, February 7th. Piper Sandler boosted their target price on shares of Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Oppenheimer raised their price target on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Argus raised shares of Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. Finally, Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.50.

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.