109,074 Shares in Aptiv PLC (NYSE:APTV) Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Aptiv PLC (NYSE:APTV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 109,074 shares of the auto parts company’s stock, valued at approximately $6,597,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its holdings in Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after purchasing an additional 1,294,670 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 buying an additional 5,002,090 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after acquiring an additional 1,090,766 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Aptiv by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock valued at $234,799,000 after acquiring an additional 223,831 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Aptiv by 19.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock valued at $172,117,000 after acquiring an additional 468,069 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 1.8 %

Aptiv stock opened at $63.28 on Friday. The business has a fifty day moving average price of $63.64 and a 200-day moving average price of $63.48. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Equities research analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

APTV has been the subject of a number of recent analyst reports. Oppenheimer boosted their target price on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Robert W. Baird raised shares of Aptiv from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $75.00 to $82.00 in a research report on Monday, January 27th. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and raised their target price for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Wells Fargo & Company boosted their price target on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.50.

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.