KLP Kapitalforvaltning AS Invests $9.32 Million in Aptiv PLC (NYSE:APTV)

KLP Kapitalforvaltning AS acquired a new stake in Aptiv PLC (NYSE:APTV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 154,031 shares of the auto parts company’s stock, valued at approximately $9,316,000. KLP Kapitalforvaltning AS owned approximately 0.07% of Aptiv 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 the company. Brown Brothers Harriman & Co. increased its position in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Aptiv in the fourth quarter valued at about $37,000. Brooklyn Investment Group acquired a new stake in shares of Aptiv in the third quarter valued at approximately $43,000. CENTRAL TRUST Co increased its stake in shares of 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 purchasing an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Aptiv in the 3rd quarter valued at approximately $64,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on APTV shares. Evercore ISI cut their price target on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Guggenheim reissued a “buy” rating and issued a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. StockNews.com began coverage on shares of Aptiv in a report on Wednesday, March 19th. They issued a “hold” rating on the stock. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $75.00 to $82.00 in a report on Monday, January 27th. Finally, Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $86.61.

Aptiv Price Performance

APTV opened at $63.83 on Tuesday. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The company has a 50 day moving average of $63.88 and a two-hundred day moving average of $63.10. The company has a market cap of $14.65 billion, a P/E ratio of 9.28, a P/E/G ratio of 0.62 and a beta of 1.78. 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 announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share 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%. On average, analysts expect that Aptiv PLC will post 7.2 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.