Weybosset Research & Management LLC Boosts Holdings in Aptiv PLC (NYSE:APTV)

Weybosset Research & Management LLC raised its stake in Aptiv PLC (NYSE:APTV) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,095 shares of the auto parts company’s stock after acquiring an additional 2,349 shares during the quarter. Aptiv makes up 3.1% of Weybosset Research & Management LLC’s holdings, making the stock its 16th biggest position. Weybosset Research & Management LLC’s holdings in Aptiv were worth $8,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new position in Aptiv during the fourth quarter worth about $302,902,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Aptiv by 17.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock valued at $854,210,000 after buying an additional 1,405,569 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Aptiv by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after buying an additional 1,265,774 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Aptiv by 65.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,158,382 shares of the auto parts company’s stock valued at $193,650,000 after buying an additional 850,294 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Aptiv by 138.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock valued at $127,121,000 after acquiring an additional 747,666 shares during the period. 94.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank of Canada cut their price target on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Morgan Stanley lowered Aptiv from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. Wells Fargo & Company lowered their price target on shares of Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. Oppenheimer reduced their price objective on shares of Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Finally, Barclays lowered their target price on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.93.

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is owned by insiders.

Aptiv Price Performance

NYSE:APTV traded up $1.21 during midday trading on Monday, hitting $72.42. The company had a trading volume of 2,841,563 shares, compared to its average volume of 2,632,922. The company has a market capitalization of $19.75 billion, a PE ratio of 6.99, a P/E/G ratio of 0.91 and a beta of 1.90. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. Aptiv PLC has a 52-week low of $68.84 and a 52-week high of $113.60. The stock’s fifty day moving average price is $76.35 and its 200-day moving average price is $81.09.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The firm had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.95 billion. As a group, research analysts expect that Aptiv PLC will post 5.63 earnings per share for the current year.

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.