Wells Fargo & Company MN Has $40.88 Million Holdings in Aptiv PLC (NYSE:APTV)

Wells Fargo & Company MN increased its stake in Aptiv PLC (NYSE:APTV) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 455,651 shares of the auto parts company’s stock after purchasing an additional 26,933 shares during the period. Wells Fargo & Company MN’s holdings in Aptiv were worth $40,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Aptiv during the 4th quarter worth about $302,902,000. Massachusetts Financial Services Co. MA lifted its position in Aptiv by 17.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock worth $854,210,000 after buying an additional 1,405,569 shares in the last quarter. Vanguard Group Inc. lifted its position in Aptiv by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after buying an additional 1,265,774 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Aptiv by 65.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,158,382 shares of the auto parts company’s stock worth $193,650,000 after buying an additional 850,294 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Aptiv by 138.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock worth $127,121,000 after buying an additional 747,666 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Performance

Shares of NYSE:APTV opened at $82.55 on Monday. The company’s 50 day moving average price is $77.34 and its two-hundred day moving average price is $80.33. Aptiv PLC has a 12-month low of $68.84 and a 12-month high of $113.60. The firm has a market cap of $22.46 billion, a PE ratio of 7.78, a PEG ratio of 0.66 and a beta of 1.90. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts predict that Aptiv PLC will post 6.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on APTV. Guggenheim boosted their price target on shares of Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Royal Bank of Canada dropped their target price on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Morgan Stanley cut shares of Aptiv from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. Wells Fargo & Company dropped their target price on shares of Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. Finally, Oppenheimer dropped their target price on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.31.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares in the company, valued at approximately $7,396,942.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.

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.