Ninety One SA PTY Ltd Takes $351,000 Position in Aptiv PLC (NYSE:APTV)

Ninety One SA PTY Ltd acquired a new position in Aptiv PLC (NYSE:APTV) in the fourth quarter, Holdings Channel.com reports. The fund acquired 5,802 shares of the auto parts company’s stock, valued at approximately $351,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APTV. FMR LLC raised its stake in Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after buying an additional 1,294,670 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Aptiv by 1,390.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after acquiring an additional 5,002,090 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after purchasing an additional 1,090,766 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Aptiv by 18.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock worth $179,189,000 after purchasing an additional 388,045 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Aptiv by 4.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,386,232 shares of the auto parts company’s stock worth $171,833,000 after purchasing an additional 108,626 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on APTV. Robert W. Baird raised shares of Aptiv from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $75.00 to $82.00 in a report on Monday, January 27th. Bank of America lowered their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft dropped their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and upped their target price for the company from $53.00 to $65.00 in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average price target of $85.00.

Aptiv Price Performance

Shares of Aptiv stock opened at $61.40 on Wednesday. The firm has a market cap of $14.43 billion, a PE ratio of 6.85, a P/E/G ratio of 0.55 and a beta of 1.74. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The business has a 50-day moving average price of $59.67 and a 200 day moving average price of $64.32.

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.