Allspring Global Investments Holdings LLC Acquires 108,626 Shares of Aptiv PLC (NYSE:APTV)

Allspring Global Investments Holdings LLC boosted its holdings in Aptiv PLC (NYSE:APTV) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,386,232 shares of the auto parts company’s stock after acquiring an additional 108,626 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.88% of Aptiv worth $171,833,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APTV. Mather Group LLC. bought a new stake in Aptiv in the first quarter valued at about $33,000. Massmutual Trust Co. FSB ADV grew its stake in Aptiv by 62.7% during the first quarter. Massmutual Trust Co. FSB ADV now owns 934 shares of the auto parts company’s stock worth $74,000 after buying an additional 360 shares during the last quarter. Park Avenue Securities LLC grew its stake in Aptiv by 11.0% during the first quarter. Park Avenue Securities LLC now owns 15,252 shares of the auto parts company’s stock worth $1,215,000 after buying an additional 1,515 shares during the last quarter. &PARTNERS bought a new stake in Aptiv during the first quarter worth about $707,000. Finally, Bangor Savings Bank grew its stake in Aptiv by 7.4% during the first quarter. Bangor Savings Bank now owns 12,510 shares of the auto parts company’s stock worth $996,000 after buying an additional 862 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on APTV. The Goldman Sachs Group decreased their price objective on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Wolfe Research started coverage on shares of Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 target price on the stock. Citigroup reduced their target price on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. JPMorgan Chase & Co. upped their target price on shares of Aptiv from $104.00 to $107.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.13.

Aptiv Stock Up 2.7 %

Shares of APTV stock traded up $1.86 during trading hours on Friday, hitting $71.76. 2,134,913 shares of the company were exchanged, compared to its average volume of 2,967,918. The business has a 50 day moving average of $70.08 and a two-hundred day moving average of $72.99. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. Aptiv PLC has a 52 week low of $63.62 and a 52 week high of $93.41. The company has a market capitalization of $19.52 billion, a PE ratio of 6.76, a PEG ratio of 0.65 and a beta of 1.79.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. Analysts anticipate that Aptiv PLC will post 6.28 earnings per share for the current fiscal year.

About Aptiv

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.