CIBC Asset Management Inc Has $1.77 Million Stock Holdings in Aptiv PLC (NYSE:APTV)

CIBC Asset Management Inc lowered its stake in Aptiv PLC (NYSE:APTV) by 8.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 29,231 shares of the auto parts company’s stock after selling 2,733 shares during the period. CIBC Asset Management Inc’s holdings in Aptiv were worth $1,768,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of APTV. FMR LLC increased its position in shares of Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Aptiv by 1,390.6% in 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 valued at $386,103,000 after buying an additional 5,002,090 shares in the last quarter. Franklin Resources Inc. increased its holdings in 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 buying an additional 1,090,766 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in 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 acquiring an additional 468,069 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in Aptiv by 18.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock valued at $179,189,000 after acquiring an additional 388,045 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

NYSE APTV opened at $66.65 on Friday. The firm has a 50-day moving average price of $61.85 and a two-hundred day moving average price of $64.02. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $85.56. The company has a market capitalization of $15.29 billion, a P/E ratio of 9.69, a P/E/G ratio of 0.62 and a beta of 1.74. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

APTV has been the topic of several recent analyst reports. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded 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, February 7th. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. Morgan Stanley decreased their target price on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Finally, UBS Group raised their price target on Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.61.

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.