Franklin Resources Inc. Grows Stock Position in Aptiv PLC (NYSE:APTV)

Franklin Resources Inc. boosted its position in shares of Aptiv PLC (NYSE:APTV) by 29.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,738,514 shares of the auto parts company’s stock after buying an additional 1,090,766 shares during the quarter. Franklin Resources Inc.’s holdings in Aptiv were worth $336,861,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Swedbank AB purchased a new stake in shares of Aptiv in the second quarter worth approximately $25,018,000. Proactive Wealth Strategies LLC bought a new stake in shares of Aptiv during the third quarter worth $1,815,000. National Pension Service lifted its position in shares of Aptiv by 16.6% during the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after purchasing an additional 71,633 shares during the last quarter. Mirabella Financial Services LLP boosted its stake in shares of Aptiv by 184.8% during the third quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company’s stock valued at $2,711,000 after purchasing an additional 24,432 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Aptiv by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after purchasing an additional 47,215 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on APTV. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $78.00 to $87.00 in a research report on Friday, September 20th. Guggenheim reiterated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a report on Thursday, December 5th. Oppenheimer reduced their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. StockNews.com assumed coverage on Aptiv in a report on Friday. They issued a “hold” rating for the company. Finally, Barclays cut their price target on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $85.29.

Aptiv Price Performance

NYSE APTV opened at $57.97 on Friday. The firm’s fifty day simple moving average is $60.90 and its two-hundred day simple moving average is $67.85. The firm has a market capitalization of $13.63 billion, a P/E ratio of 6.47, a P/E/G ratio of 0.59 and a beta of 1.78. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $91.66.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the business earned $1.30 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts forecast that Aptiv PLC will post 6.15 EPS 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.