Peddock Capital Advisors LLC Grows Stock Holdings in Aptiv PLC (NYSE:APTV)

Peddock Capital Advisors LLC lifted its stake in shares of Aptiv PLC (NYSE:APTV) by 16.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,207 shares of the auto parts company’s stock after buying an additional 1,584 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Aptiv were worth $1,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of APTV. Vanguard Group Inc. grew its holdings in Aptiv by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after acquiring an additional 1,265,774 shares in the last quarter. Impax Asset Management Group plc increased its holdings in Aptiv by 7.1% during the fourth quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock valued at $651,978,000 after buying an additional 483,157 shares during the period. American Century Companies Inc. raised its stake in Aptiv by 1.1% in the third quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock worth $496,706,000 after buying an additional 53,288 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Aptiv by 11.6% during the fourth quarter. Victory Capital Management Inc. now owns 3,815,339 shares of the auto parts company’s stock worth $342,312,000 after buying an additional 395,414 shares during the period. Finally, Morgan Stanley increased its holdings in shares of Aptiv by 6.0% in the 3rd quarter. Morgan Stanley now owns 3,302,280 shares of the auto parts company’s stock valued at $325,572,000 after acquiring an additional 187,046 shares during the period. Institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

APTV has been the subject of several analyst reports. UBS Group increased their price target on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Wells Fargo & Company reduced their target price on Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Oppenheimer lowered their price target on Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Guggenheim upped their price objective on shares of Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Citigroup lowered their target price on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.31.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the sale, the senior vice president now directly owns 95,211 shares in the company, valued at $7,396,942.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.34% of the company’s stock.

Aptiv Stock Performance

APTV traded down $0.15 during midday trading on Wednesday, hitting $82.85. 798,934 shares of the company were exchanged, compared to its average volume of 2,733,753. The company’s 50 day simple moving average is $76.35 and its 200 day simple moving average is $80.42. The firm has a market capitalization of $22.54 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 0.97 and a beta of 1.90. Aptiv PLC has a 1-year low of $68.84 and a 1-year high of $113.60. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. Aptiv’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. As a group, sell-side analysts predict that Aptiv PLC will post 5.99 earnings per share for the current year.

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.