1,760,787 Shares in Aptiv PLC (NYSE:APTV) Bought by Norges Bank

Norges Bank bought a new stake in Aptiv PLC (NYSE:APTV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,760,787 shares of the auto parts company’s stock, valued at approximately $106,492,000.

A number of other hedge funds have also recently made changes to their positions in APTV. Picton Mahoney Asset Management acquired a new position in shares of Aptiv during the fourth quarter worth $37,000. CENTRAL TRUST Co lifted its holdings in Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after buying an additional 677 shares during the period. SRS Capital Advisors Inc. grew its position in shares of Aptiv by 93.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock valued at $115,000 after buying an additional 918 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Aptiv in the 4th quarter valued at about $204,000. Finally, World Investment Advisors LLC bought a new position in shares of Aptiv during the third quarter worth about $212,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Trading Down 0.7 %

APTV opened at $59.09 on Wednesday. The firm has a market capitalization of $13.56 billion, a PE ratio of 8.59, a P/E/G ratio of 0.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The company’s 50-day moving average is $63.96 and its 200 day moving average is $62.87.

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

Analysts Set New Price Targets

Several analysts recently commented on APTV shares. StockNews.com started coverage on Aptiv in a report on Thursday, March 27th. They issued a “hold” rating on the stock. Evercore ISI decreased their price objective on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company upped their price target on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Raymond James reiterated a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price objective on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Insider Buying and Selling at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.45% of the company’s stock.

About Aptiv

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.