D.A. Davidson & CO. Buys 6,329 Shares of Aptiv PLC (NYSE:APTV)

D.A. Davidson & CO. grew its stake in shares of Aptiv PLC (NYSE:APTV) by 37.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,241 shares of the auto parts company’s stock after buying an additional 6,329 shares during the quarter. D.A. Davidson & CO.’s holdings in Aptiv were worth $1,406,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC grew its stake in shares of Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after buying an additional 1,294,670 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Aptiv by 1,390.6% during the third 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 purchasing an additional 5,002,090 shares during the period. Franklin Resources Inc. lifted 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. Allspring Global Investments Holdings LLC lifted its holdings in shares of Aptiv by 19.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock worth $172,117,000 after purchasing an additional 468,069 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Aptiv by 18.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock worth $179,189,000 after purchasing an additional 388,045 shares during the period. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Down 1.4 %

NYSE:APTV opened at $66.65 on Friday. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The firm has a 50-day moving average of $62.02 and a 200-day moving average of $64.01. The company has a market cap of $15.29 billion, a PE ratio of 9.69, a PEG ratio of 0.63 and a beta of 1.74.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, equities research analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Wells Fargo & Company lifted their price target on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Barclays boosted their target price on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Oppenheimer boosted their target price on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, TD Cowen dropped their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and a consensus price target of $85.61.

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.