Aptiv PLC (NYSE:APTV) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in shares of Aptiv PLC (NYSE:APTV) by 7.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,982,469 shares of the auto parts company’s stock after buying an additional 139,859 shares during the quarter. Janus Henderson Group PLC’s holdings in Aptiv were worth $157,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bayesian Capital Management LP purchased a new position in Aptiv during the first quarter valued at approximately $3,564,000. Paloma Partners Management Co purchased a new position in Aptiv in the first quarter valued at $783,000. Price T Rowe Associates Inc. MD raised its position in shares of Aptiv by 8.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,750,233 shares of the auto parts company’s stock worth $139,407,000 after acquiring an additional 131,148 shares during the period. BOKF NA boosted its stake in shares of Aptiv by 2,941.7% during the 1st quarter. BOKF NA now owns 730 shares of the auto parts company’s stock worth $58,000 after acquiring an additional 706 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new position in shares of Aptiv in the 1st quarter valued at about $4,407,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Trading Down 1.8 %

Shares of NYSE APTV traded down $1.27 during midday trading on Tuesday, reaching $67.63. 2,264,545 shares of the stock were exchanged, compared to its average volume of 2,808,615. Aptiv PLC has a twelve month low of $65.13 and a twelve month high of $113.14. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. The stock has a market capitalization of $18.40 billion, a P/E ratio of 6.49, a PEG ratio of 0.66 and a beta of 1.79. The company has a 50 day simple moving average of $74.31 and a 200 day simple moving average of $77.12.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the firm earned $0.91 EPS. The business’s revenue was up 1.1% on a year-over-year basis. As a group, equities analysts expect that Aptiv PLC will post 5.94 earnings per share for the current year.

Insider Activity at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total value of $30,330.12. Following the sale, the director now directly owns 13,636 shares in the company, valued at $1,049,699.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JPMorgan Chase & Co. dropped their price objective on Aptiv from $113.00 to $104.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Robert W. Baird dropped their price target on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. StockNews.com cut shares of Aptiv from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Barclays dropped their target price on shares of Aptiv from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, Oppenheimer restated an “outperform” rating and set a $145.00 price target on shares of Aptiv in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.71.

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.