Bank of Montreal Can Acquires 214,116 Shares of Aptiv PLC (NYSE:APTV)

Bank of Montreal Can lifted its holdings in Aptiv PLC (NYSE:APTV) by 1,978.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 224,940 shares of the auto parts company’s stock after buying an additional 214,116 shares during the quarter. Bank of Montreal Can’s holdings in Aptiv were worth $13,604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its position in shares of Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock valued at $864,206,000 after buying an additional 1,517,104 shares during the last quarter. FMR LLC grew its stake in Aptiv by 1.7% during the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company’s stock valued at $470,247,000 after acquiring an additional 126,882 shares in the last quarter. Franklin Resources Inc. increased its holdings in Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $371,767,000 after acquiring an additional 1,408,433 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Aptiv by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock worth $234,799,000 after purchasing an additional 223,831 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Aptiv by 19.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock valued at $172,117,000 after purchasing an additional 468,069 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of APTV stock opened at $48.00 on Friday. The company has a market capitalization of $11.01 billion, a P/E ratio of 6.98, a P/E/G ratio of 0.62 and a beta of 1.64. The company’s 50-day simple moving average is $61.94 and its two-hundred day simple moving average is $61.74. Aptiv PLC has a one year low of $47.19 and a one year high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Royal Bank of Canada boosted their target price on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Evercore ISI decreased their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Barclays increased their target price on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and boosted their price target for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Finally, Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.78.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available through this link. 0.45% of the stock is currently owned by corporate 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.