Aptiv PLC $APTV Shares Bought by Truist Financial Corp

Truist Financial Corp increased its holdings in Aptiv PLC (NYSE:APTV) by 1,036.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 396,443 shares of the auto parts company’s stock after buying an additional 361,546 shares during the period. Truist Financial Corp’s holdings in Aptiv were worth $34,181,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of APTV. Nordea Investment Management AB boosted its stake in Aptiv by 14,336.5% in the third quarter. Nordea Investment Management AB now owns 3,411,780 shares of the auto parts company’s stock valued at $291,127,000 after acquiring an additional 3,388,147 shares during the period. Boston Partners acquired a new position in Aptiv during the 2nd quarter valued at approximately $220,911,000. Norges Bank bought a new position in Aptiv during the 2nd quarter worth $187,652,000. Balyasny Asset Management L.P. increased its position in Aptiv by 6,711.4% in the second quarter. Balyasny Asset Management L.P. now owns 1,434,076 shares of the auto parts company’s stock worth $97,833,000 after buying an additional 1,413,022 shares during the period. Finally, Ariel Investments LLC lifted its stake in Aptiv by 80.2% in the second quarter. Ariel Investments LLC now owns 1,386,513 shares of the auto parts company’s stock valued at $94,588,000 after buying an additional 617,115 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

APTV opened at $78.86 on Friday. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $88.93. The company has a market capitalization of $17.04 billion, a price-to-earnings ratio of 62.59, a price-to-earnings-growth ratio of 0.95 and a beta of 1.50. The business has a 50 day moving average price of $78.58 and a two-hundred day moving average price of $78.64. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.79 and a quick ratio of 1.26.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.36. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the prior year, the firm posted $1.83 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. Research analysts predict that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on APTV shares. Weiss Ratings restated a “hold (c-)” rating on shares of Aptiv in a research report on Monday, December 29th. JPMorgan Chase & Co. raised their price target on shares of Aptiv from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Wall Street Zen raised Aptiv from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 3rd. Oppenheimer increased their price objective on Aptiv from $94.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Finally, UBS Group lifted their target price on Aptiv from $94.00 to $99.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.48.

Insider Buying and Selling at Aptiv

In other news, EVP Katherine H. Ramundo sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $85.00, for a total transaction of $425,000.00. Following the completion of the transaction, the executive vice president owned 116,959 shares in the company, valued at approximately $9,941,515. This trade represents a 4.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.45% of the company’s stock.

Aptiv Company Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.