Allspring Global Investments Holdings LLC Has $172.12 Million Holdings in Aptiv PLC (NYSE:APTV)

Allspring Global Investments Holdings LLC lifted its holdings in shares of Aptiv PLC (NYSE:APTV) by 19.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,854,301 shares of the auto parts company’s stock after purchasing an additional 468,069 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Aptiv were worth $172,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 worth $386,103,000 after acquiring an additional 5,002,090 shares during the period. Harris Associates L P bought a new position in Aptiv during the third quarter worth about $162,640,000. Point72 Asset Management L.P. acquired a new stake in Aptiv in the 3rd quarter worth about $143,909,000. FMR LLC boosted its holdings in Aptiv by 20.4% in 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 period. Finally, Franklin Resources Inc. increased its holdings in shares of Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after purchasing an additional 1,090,766 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APTV. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Friday, February 7th. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company raised their price target on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Guggenheim reaffirmed a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Finally, Barclays raised their target price on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average target price of $85.61.

Aptiv Stock Performance

NYSE:APTV opened at $64.69 on Wednesday. The company has a market capitalization of $15.21 billion, a PE ratio of 9.40, a P/E/G ratio of 0.54 and a beta of 1.74. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.53. The company has a 50 day simple moving average of $60.39 and a two-hundred day simple moving average of $64.12.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Research analysts anticipate that Aptiv PLC will post 7.14 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.