M&G Plc Has $8.95 Million Stock Holdings in Aptiv PLC (NYSE:APTV)

M&G Plc lifted its stake in Aptiv PLC (NYSE:APTV) by 22.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 127,858 shares of the auto parts company’s stock after purchasing an additional 23,640 shares during the quarter. M&G Plc’s holdings in Aptiv were worth $8,950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Financial Advocates Investment Management lifted its position in shares of Aptiv by 5.9% in the 4th quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock valued at $211,000 after acquiring an additional 132 shares in the last quarter. Broderick Brian C raised its stake in Aptiv by 0.6% during the 1st quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock valued at $1,731,000 after purchasing an additional 132 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Aptiv by 2.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock worth $578,000 after buying an additional 145 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Aptiv by 11.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock valued at $130,000 after buying an additional 146 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in Aptiv by 27.3% during the first quarter. Lindbrook Capital LLC now owns 812 shares of the auto parts company’s stock valued at $65,000 after buying an additional 174 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Transactions at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the sale, the director now directly owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on APTV shares. UBS Group lowered their price objective on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. The Goldman Sachs Group cut their price objective on Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Guggenheim lifted their price objective on Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. StockNews.com lowered Aptiv from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Finally, Oppenheimer reiterated an “outperform” rating and set a $145.00 price target on shares of Aptiv in a report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.00.

Aptiv Stock Up 1.1 %

Shares of NYSE APTV opened at $67.96 on Wednesday. Aptiv PLC has a 52-week low of $65.13 and a 52-week high of $104.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.49. The business has a fifty day moving average of $71.31 and a two-hundred day moving average of $76.15. The stock has a market cap of $18.49 billion, a PE ratio of 6.41, a PEG ratio of 0.66 and a beta of 1.79.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.16. The firm had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $1.25 EPS. As a group, equities research analysts expect that Aptiv PLC will post 6.3 earnings per share for the current fiscal year.

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.