Ensign Peak Advisors Inc Grows Holdings in Aptiv PLC (NYSE:APTV)

Ensign Peak Advisors Inc grew its stake in Aptiv PLC (NYSE:APTV) by 18.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 109,723 shares of the auto parts company’s stock after acquiring an additional 16,700 shares during the period. Ensign Peak Advisors Inc’s holdings in Aptiv were worth $6,636,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. South Dakota Investment Council raised its stake in shares of Aptiv by 32.9% in the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after acquiring an additional 31,941 shares during the period. Focus Financial Network Inc. purchased a new stake in shares of Aptiv in the 4th quarter valued at approximately $379,000. Shorepath Capital Management LLC raised its stake in shares of Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after acquiring an additional 11,835 shares during the period. Diametric Capital LP purchased a new stake in shares of Aptiv in the 4th quarter valued at approximately $972,000. Finally, abrdn plc acquired a new position in shares of Aptiv in the fourth quarter valued at approximately $30,374,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APTV has been the subject of a number of research reports. Robert W. Baird dropped their price objective on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. UBS Group lifted their price objective on shares of Aptiv from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Royal Bank of Canada lifted their price objective on shares of Aptiv from $60.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Evercore ISI dropped their price objective on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Finally, Oppenheimer lifted their price objective on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average target price of $82.06.

Aptiv Trading Up 2.8%

Shares of Aptiv stock opened at $68.79 on Wednesday. The company has a fifty day simple moving average of $58.07 and a 200-day simple moving average of $59.60. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $85.35. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The stock has a market cap of $14.98 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.62 and a beta of 1.44.

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

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. This represents 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 owned by insiders.

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.