Franklin Resources Inc. Purchases 1,408,433 Shares of Aptiv PLC (NYSE:APTV)

Franklin Resources Inc. lifted its holdings in shares of Aptiv PLC (NYSE:APTV) by 29.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,146,947 shares of the auto parts company’s stock after purchasing an additional 1,408,433 shares during the period. Franklin Resources Inc. owned 2.62% of Aptiv worth $371,767,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in APTV. Picton Mahoney Asset Management bought a new position in shares of Aptiv during the 4th quarter worth approximately $37,000. CENTRAL TRUST Co lifted its position in shares of Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after acquiring an additional 677 shares during the period. Hazlett Burt & Watson Inc. boosted its stake in Aptiv by 163.1% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock worth $110,000 after acquiring an additional 1,145 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in Aptiv by 93.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 918 shares during the period. Finally, World Investment Advisors LLC bought a new stake in Aptiv in the third quarter valued at $212,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of Aptiv stock opened at $59.57 on Tuesday. The business’s fifty day simple moving average is $64.02 and its 200 day simple moving average is $62.94. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $85.56. The firm has a market capitalization of $13.67 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last released its earnings results 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 return on equity of 15.63% and a net margin of 9.07%. As a group, analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on APTV. UBS Group raised their target price on Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Raymond James reissued a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. Wells Fargo & Company upped their target price on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Royal Bank of Canada lifted their price target on shares of Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.61.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.45% of the company’s stock.

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.