Price T Rowe Associates Inc. MD Has $139.41 Million Position in Aptiv PLC (NYSE:APTV)

Price T Rowe Associates Inc. MD grew its position in Aptiv PLC (NYSE:APTV) by 8.1% during the 1st quarter, HoldingsChannel reports. The firm owned 1,750,233 shares of the auto parts company’s stock after purchasing an additional 131,148 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Aptiv were worth $139,407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in shares of Aptiv by 6.3% during the 4th quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock valued at $40,881,000 after purchasing an additional 26,933 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Aptiv during the fourth quarter worth $13,120,000. Janney Montgomery Scott LLC raised its holdings in shares of Aptiv by 36.6% during the first quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock worth $3,818,000 after acquiring an additional 12,835 shares during the period. FIFTHDELTA Ltd acquired a new position in Aptiv in the 4th quarter worth $50,767,000. Finally, Trillium Asset Management LLC raised its stake in shares of Aptiv by 33.1% in the 4th quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock valued at $32,411,000 after purchasing an additional 89,786 shares during the period. 94.21% of the stock is owned by institutional investors.

Aptiv Trading Down 0.9 %

NYSE APTV traded down $0.63 on Monday, reaching $68.11. The company had a trading volume of 671,046 shares, compared to its average volume of 2,799,949. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of 6.48, a P/E/G ratio of 0.66 and a beta of 1.79. Aptiv PLC has a fifty-two week low of $65.13 and a fifty-two week high of $113.14. The business has a 50 day moving average of $74.57 and a two-hundred day moving average of $77.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts forecast that Aptiv PLC will post 5.94 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Robert W. Baird dropped their price target on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Piper Sandler lowered shares of Aptiv from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $78.00 to $63.00 in a research report on Wednesday, June 26th. StockNews.com cut Aptiv from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Oppenheimer reiterated an “outperform” rating and set a $145.00 target price on shares of Aptiv in a research report on Tuesday, July 9th. Finally, Barclays reduced their price objective on shares of Aptiv from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.71.

Insiders Place Their Bets

In other news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the sale, the director now owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Aptiv 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.