KLP Kapitalforvaltning AS Takes $9.32 Million Position in Aptiv PLC (NYSE:APTV)

KLP Kapitalforvaltning AS acquired a new stake in Aptiv PLC (NYSE:APTV) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 154,031 shares of the auto parts company’s stock, valued at approximately $9,316,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. South Dakota Investment Council increased its holdings in shares of Aptiv by 32.9% in the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after acquiring an additional 31,941 shares during the last quarter. Focus Financial Network Inc. bought a new stake in Aptiv during the fourth quarter valued at $379,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Aptiv by 73.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after purchasing an additional 47,215 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Aptiv in the 3rd quarter worth about $14,893,000. Finally, Shorepath Capital Management LLC boosted its holdings in shares of Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after buying an additional 11,835 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Trading Up 2.2 %

Shares of APTV stock opened at $63.83 on Tuesday. The stock has a 50-day simple moving average of $63.88 and a 200 day simple moving average of $63.10. The stock has a market capitalization of $14.65 billion, a P/E ratio of 9.28, a P/E/G ratio of 0.62 and a beta of 1.78. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share 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%. On average, sell-side analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on APTV. 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 report on Tuesday, February 4th. Argus upgraded Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. UBS Group increased their target price on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Robert W. Baird raised shares of Aptiv from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $75.00 to $82.00 in a report on Monday, January 27th. Finally, StockNews.com started coverage on shares of Aptiv in a report on Wednesday, March 19th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.45% of the stock is currently owned by company insiders.

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.