Aptiv PLC (NYSE:APTV) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its stake in shares of Aptiv PLC (NYSE:APTV) by 0.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,509,972 shares of the auto parts company’s stock after selling 4,507 shares during the quarter. Franklin Resources Inc. owned approximately 0.54% of Aptiv worth $135,475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Aptiv in the 4th quarter worth $29,000. GAMMA Investing LLC bought a new stake in shares of Aptiv in the 4th quarter worth $32,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Aptiv in the 4th quarter worth $47,000. First Horizon Advisors Inc. raised its stake in shares of Aptiv by 98.0% in the 4th quarter. First Horizon Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $53,000 after buying an additional 293 shares in the last quarter. Finally, American National Bank raised its stake in shares of Aptiv by 85.1% in the 4th quarter. American National Bank now owns 633 shares of the auto parts company’s stock worth $57,000 after buying an additional 291 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Performance

APTV opened at $82.53 on Thursday. The company has a market cap of $22.45 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.66 and a beta of 1.90. The stock has a 50-day moving average of $77.15 and a 200-day moving average of $80.19. Aptiv PLC has a 52-week low of $68.84 and a 52-week high of $113.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS. As a group, equities research analysts forecast that Aptiv PLC will post 6.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on APTV. JPMorgan Chase & Co. boosted their target price on Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Citigroup cut their target price on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Oppenheimer cut their target price on Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Piper Sandler cut their target price on Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Finally, Guggenheim boosted their target price on Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $108.31.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $7,396,942.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently 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.