Allspring Global Investments Holdings LLC Has $172.12 Million Position in Aptiv PLC (NYSE:APTV)

Allspring Global Investments Holdings LLC increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 19.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,854,301 shares of the auto parts company’s stock after purchasing an additional 468,069 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.21% of Aptiv worth $172,117,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in APTV. First Pacific Financial grew its position in Aptiv by 12.4% in the 3rd quarter. First Pacific Financial now owns 7,252 shares of the auto parts company’s stock worth $522,000 after purchasing an additional 800 shares during the last quarter. Sumitomo Life Insurance Co. lifted its stake in shares of Aptiv by 2.8% in the third quarter. Sumitomo Life Insurance Co. now owns 16,490 shares of the auto parts company’s stock valued at $1,187,000 after buying an additional 445 shares during the period. Wolff Wiese Magana LLC grew its position in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares in the last quarter. Ellsworth Advisors LLC raised its holdings in Aptiv by 2.5% in the 3rd quarter. Ellsworth Advisors LLC now owns 22,000 shares of the auto parts company’s stock valued at $1,584,000 after acquiring an additional 544 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Aptiv by 2.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,414 shares of the auto parts company’s stock valued at $3,270,000 after acquiring an additional 918 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 1.1 %

NYSE APTV opened at $64.69 on Wednesday. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.06. The firm has a market cap of $15.21 billion, a P/E ratio of 9.40, a P/E/G ratio of 0.54 and a beta of 1.74. The stock’s 50-day moving average is $60.39 and its 200-day moving average is $64.12.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS 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%. Sell-side analysts anticipate that Aptiv PLC will post 7.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $53.00 to $65.00 in a research report on Thursday, January 23rd. Oppenheimer upped their price target on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Guggenheim reissued a “buy” rating and set a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Finally, Raymond James reiterated a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and two have assigned 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 target price of $85.61.

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.