ProShare Advisors LLC Increases Holdings in Aptiv PLC (NYSE:APTV)

ProShare Advisors LLC lifted its position in shares of Aptiv PLC (NYSE:APTV) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,722 shares of the auto parts company’s stock after buying an additional 248 shares during the period. ProShare Advisors LLC’s holdings in Aptiv were worth $3,128,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of APTV. Norges Bank purchased a new position in shares of Aptiv during the 4th quarter valued at about $106,492,000. Pictet Asset Management Holding SA raised its holdings in shares of Aptiv by 1,018.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock valued at $102,262,000 after buying an additional 1,539,724 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Aptiv by 11.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock valued at $864,206,000 after buying an additional 1,517,104 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $371,767,000 after buying an additional 1,408,433 shares in the last quarter. Finally, Paloma Partners Management Co raised its holdings in shares of Aptiv by 968.7% during the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company’s stock valued at $55,007,000 after buying an additional 824,400 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Trading Down 1.3%

NYSE:APTV opened at $67.34 on Tuesday. Aptiv PLC has a one year low of $47.19 and a one year high of $85.35. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The company’s 50-day simple moving average is $58.37 and its 200 day simple moving average is $59.68. The firm has a market capitalization of $14.66 billion, a P/E ratio of 9.79, a PEG ratio of 0.62 and a beta of 1.44.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Aptiv’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 earnings per share. As a group, analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. The trade was 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 at the SEC website. 0.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

APTV has been the subject of several recent research reports. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. TD Cowen began coverage on shares of Aptiv in a report on Friday, March 7th. They set a “buy” rating and a $90.00 price target for the company. Morgan Stanley cut their price target on shares of Aptiv from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday. Raymond James reiterated a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. Finally, UBS Group boosted their price target on Aptiv from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.33.

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.