Sumitomo Mitsui Trust Group Inc. Raises Holdings in Aptiv PLC (NYSE:APTV)

Sumitomo Mitsui Trust Group Inc. boosted its stake in Aptiv PLC (NYSE:APTV) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 767,430 shares of the auto parts company’s stock after purchasing an additional 44,468 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.33% of Aptiv worth $46,414,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Aptiv by 1,390.6% in the 3rd 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 buying an additional 5,002,090 shares during the last quarter. Harris Associates L P purchased a new stake in Aptiv in the third quarter worth $162,640,000. Point72 Asset Management L.P. purchased a new stake in Aptiv in the third quarter worth $143,909,000. FMR LLC boosted its holdings in Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after acquiring an additional 1,294,670 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after purchasing an additional 1,090,766 shares during the period. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

APTV has been the topic of several research reports. Guggenheim restated a “buy” rating and set a $73.00 price target on shares of Aptiv in a research report on Thursday, December 5th. Bank of America dropped their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Oppenheimer increased their price target on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Friday. Finally, Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv Stock Down 0.2 %

Shares of Aptiv stock opened at $63.96 on Tuesday. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company’s 50 day moving average is $60.23 and its 200 day moving average is $64.15. The company has a market cap of $15.03 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.54 and a beta of 1.74.

Aptiv (NYSE:APTV) last released its quarterly earnings results 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 return on equity of 15.63% and a net margin of 9.07%. Research analysts anticipate that Aptiv PLC will post 7.14 EPS for the current year.

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.