KBC Group NV increased its holdings in shares of Aptiv PLC (NYSE:APTV – Free Report) by 45.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 169,658 shares of the auto parts company’s stock after acquiring an additional 53,231 shares during the quarter. KBC Group NV’s holdings in Aptiv were worth $11,781,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in shares of Aptiv by 502.1% in the first quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock valued at $926,000 after purchasing an additional 12,973 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Aptiv by 439.2% during the 1st quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock worth $4,528,000 after buying an additional 61,994 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of 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 buying an additional 4,998 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of 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 boosted its holdings in shares of 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 own 94.21% of the company’s stock.
Wall Street Analysts Forecast Growth
APTV has been the topic of several research analyst reports. Piper Sandler lowered their price target on shares of Aptiv from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Monday, June 8th. President Capital started coverage on Aptiv in a report on Wednesday, March 25th. They set a “buy” rating and a $82.50 price objective for the company. Evercore decreased their target price on Aptiv from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. The Goldman Sachs Group increased their target price on Aptiv from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Aptiv in a report on Friday, June 12th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.50.
Insider Buying and Selling
In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at $12,821,781.60. The trade was a 1.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by company insiders.
Aptiv Stock Performance
NYSE APTV opened at $58.33 on Thursday. The firm has a 50-day moving average price of $61.78 and a two-hundred day moving average price of $68.05. Aptiv PLC has a 12-month low of $51.68 and a 12-month high of $88.93. The company has a market capitalization of $12.34 billion, a P/E ratio of 34.51, a P/E/G ratio of 1.08 and a beta of 1.46. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98.
Aptiv (NYSE:APTV – Get Free Report) last announced its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same period last year, the firm earned $1.69 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts anticipate that Aptiv PLC will post 5.93 earnings per share for the current year.
About Aptiv
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.
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