First Pacific Financial Has $421,000 Stake in Aptiv PLC (NYSE:APTV)

First Pacific Financial grew its stake in Aptiv PLC (NYSE:APTV) by 15.1% during the fourth quarter, HoldingsChannel reports. The firm owned 4,695 shares of the auto parts company’s stock after buying an additional 615 shares during the quarter. First Pacific Financial’s holdings in Aptiv were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Aptiv by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after buying an additional 1,265,774 shares during the period. BlackRock Inc. boosted its position in Aptiv by 2.4% during the 2nd quarter. BlackRock Inc. now owns 22,256,811 shares of the auto parts company’s stock worth $2,272,198,000 after buying an additional 522,041 shares during the period. State Street Corp boosted its position in Aptiv by 3.4% during the 2nd quarter. State Street Corp now owns 10,441,884 shares of the auto parts company’s stock worth $1,066,012,000 after buying an additional 344,113 shares during the period. Impax Asset Management Group plc raised its holdings in Aptiv by 10.7% during the 3rd quarter. Impax Asset Management Group plc now owns 6,790,225 shares of the auto parts company’s stock worth $668,843,000 after purchasing an additional 656,845 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Aptiv by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 5,614,676 shares of the auto parts company’s stock worth $628,481,000 after purchasing an additional 123,352 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on APTV shares. Piper Sandler lowered their price target on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. JPMorgan Chase & Co. lowered their price objective on shares of Aptiv from $135.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Wells Fargo & Company boosted their price target on shares of Aptiv from $79.00 to $84.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Royal Bank of Canada decreased their price target on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Finally, Guggenheim decreased their price target on shares of Aptiv from $120.00 to $103.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.57.

Aptiv Trading Up 2.7 %

Shares of NYSE:APTV opened at $78.64 on Thursday. Aptiv PLC has a 52-week low of $71.01 and a 52-week high of $113.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. The stock has a market capitalization of $21.44 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 0.99 and a beta of 1.90. The stock’s 50-day simple moving average is $80.06 and its two-hundred day simple moving average is $85.25.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. Analysts expect that Aptiv PLC will post 5.67 EPS for the current year.

Insider Activity

In related news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the transaction, the senior vice president now owns 95,211 shares in the company, valued at approximately $7,396,942.59. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

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.