Nomura Asset Management Co. Ltd. Boosts Stake in Aptiv PLC (NYSE:APTV)

Nomura Asset Management Co. Ltd. increased its position in shares of Aptiv PLC (NYSE:APTV) by 0.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 177,052 shares of the auto parts company’s stock after buying an additional 251 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.08% of Aptiv worth $10,708,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in shares of 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 acquiring an additional 1,090,766 shares during the last quarter. Victory Capital Management Inc. grew its position in Aptiv by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock worth $234,799,000 after purchasing an additional 223,831 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Aptiv by 19.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock valued at $172,117,000 after purchasing an additional 468,069 shares during the period. JPMorgan Chase & Co. increased its position in Aptiv by 25.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company’s stock valued at $168,619,000 after acquiring an additional 552,066 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of Aptiv by 18.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock worth $179,189,000 after purchasing an additional 388,045 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares in the company, 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 through this link. 0.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on APTV. Wells Fargo & Company increased their price target on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Royal Bank of Canada increased their target price on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Barclays increased their price objective on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Aptiv Stock Performance

Aptiv stock opened at $60.58 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The stock has a fifty day moving average of $64.05 and a two-hundred day moving average of $62.99. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating 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 anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal 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.