Meiji Yasuda Asset Management Co Ltd. Buys 533 Shares of Aptiv PLC (NYSE:APTV)

Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Aptiv PLC (NYSE:APTV) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,143 shares of the auto parts company’s stock after purchasing an additional 533 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Aptiv were worth $3,154,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in APTV. Advisors Asset Management Inc. lifted its position in shares of Aptiv by 18.9% during the third quarter. Advisors Asset Management Inc. now owns 9,917 shares of the auto parts company’s stock valued at $714,000 after buying an additional 1,575 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares in the last quarter. Patton Albertson Miller Group LLC boosted its stake in Aptiv by 2.8% in the third quarter. Patton Albertson Miller Group LLC now owns 51,501 shares of the auto parts company’s stock valued at $3,709,000 after acquiring an additional 1,382 shares in the last quarter. FMR LLC increased its position in shares of Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares in the last quarter. Finally, Prospector Partners LLC increased its position in shares of Aptiv by 4.1% during the third quarter. Prospector Partners LLC now owns 127,164 shares of the auto parts company’s stock worth $9,157,000 after purchasing an additional 5,064 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

APTV has been the topic of several research analyst reports. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Argus upgraded Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. Guggenheim reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and boosted their target price for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada raised their price target on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Aptiv Stock Up 0.9 %

APTV stock opened at $64.47 on Wednesday. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm’s fifty day moving average is $63.94 and its 200 day moving average is $63.07. The firm has a market cap of $14.79 billion, a PE ratio of 9.37, a P/E/G ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating 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%. On average, research analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. 0.45% 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.