Great Lakes Retirement Inc. Grows Position in Aptiv PLC (NYSE:APTV)

Great Lakes Retirement Inc. lifted its position in Aptiv PLC (NYSE:APTV) by 64.2% during the 4th quarter, HoldingsChannel reports. The firm owned 3,762 shares of the auto parts company’s stock after buying an additional 1,471 shares during the period. Great Lakes Retirement Inc.’s holdings in Aptiv were worth $338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank purchased a new stake in Aptiv in the fourth quarter worth about $382,261,000. Price T Rowe Associates Inc. MD grew its stake in shares of Aptiv by 350.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,723,984 shares of the auto parts company’s stock valued at $305,605,000 after acquiring an additional 2,119,819 shares during the period. Vanguard Group Inc. lifted its stake in shares of Aptiv by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock valued at $3,092,966,000 after buying an additional 1,265,774 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Aptiv during the 2nd quarter valued at approximately $79,896,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Aptiv by 138.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock valued at $127,121,000 after purchasing an additional 747,666 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of NYSE APTV traded up $1.01 during trading on Thursday, reaching $79.65. 1,990,815 shares of the company traded hands, compared to its average volume of 2,807,754. The stock has a market cap of $21.72 billion, a P/E ratio of 7.59, a PEG ratio of 0.99 and a beta of 1.90. Aptiv PLC has a 12-month low of $71.01 and a 12-month high of $113.60. The firm’s fifty day simple moving average is $80.06 and its 200 day simple moving average is $85.25. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.95 billion. As a group, research analysts anticipate that Aptiv PLC will post 5.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on APTV shares. JPMorgan Chase & Co. dropped their target price on Aptiv from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Piper Sandler cut their target price on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Guggenheim dropped their price objective on shares of Aptiv from $120.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Robert W. Baird downgraded shares of Aptiv from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Finally, Morgan Stanley downgraded Aptiv from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.57.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction that occurred 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 directly owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a filing with the SEC, which is available at this link. 0.34% of the stock is owned by corporate insiders.

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.