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Aptiv PLC (NYSE:APTV) shares purchased by Mackenzie Financial Corp


Mackenzie Financial Corp strengthened its position in Aptiv PLC (NYSE:APTV – Free Report) by 20.2% in the fourth quarter, HoldingsChannel reports. The company owned 250,440 shares of the auto parts company’s stock after purchasing an additional 42,116 shares during the period. Mackenzie Financial Corp’s holdings in Aptiv were worth $22,469,000 at the end of the most recent reporting period.

Other institutional investors have also recently increased or decreased their stakes in the company. Vanguard Group Inc. expanded its stake in Aptiv by 4.2% in the third quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock valued at $3,092,966,000 after purchasing an additional 1,265,774 shares during the period. Impax Asset Management Group plc increased its stake in Aptiv by 7.1% in the fourth quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock worth $651,978,000 after purchasing an additional 483,157 shares during the period. Geode Capital Management LLC grew its stake in Aptiv by 2.2% in the first quarter. Geode Capital Management LLC now owns 5,614,676 shares of the auto parts company’s stock worth $628,481,000 after purchasing an additional 123,352 shares during the period. American Century Companies Inc. increased its stake in Aptiv by 1.1% in the third quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock worth $496,706,000 after purchasing an additional 53,288 shares during the period. Finally, Norges Bank purchased a new stake in Aptiv in the fourth quarter worth approximately $382,261,000. Institutional investors and hedge funds own 94.21% of the company’s shares.

Buy and sell Insider at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Currently, 0.34% of the shares are owned by corporate insiders.

Analysts set new price targets

Several analysts have commented on the company. Piper Sandler lowered their price target on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, February 1. Oppenheimer lowered their price target on Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a report on Thursday, February 1. Royal Bank of Canada lowered their price objective on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 1. Guggenheim lowered its price target on Aptiv from $103.00 to $92.00 and set a “buy” rating on the company in a report on Wednesday. Finally, Robert W. Baird downgraded Aptiv from an “outperform” rating to a “neutral” rating and lowered his price target for the stock from $105.00 to $96.00 in a report on Wednesday, January 3. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price of $110.36.

Check out our latest report on Aptiv

Aptiv shares fall 0.0%

NYSE APTV opened at $69.32 on Friday. The stock has a market cap of $18.90 billion, a price-to-earnings ratio of 6.69, a price-to-earnings ratio of 0.93 and a beta of 1.90. Aptiv PLC has a fifty-two week low of $68.84 and a fifty-two week high of $113.60. The company has a 50-day moving average of $77.67 and a two-hundred-day moving average of $82.57. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV – Get Free Report) last reported its quarterly results on Wednesday, January 31. The auto parts company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The company had revenue of $4.92 billion during the quarter, compared to analyst expectations of $4.95 billion. As a group, sell-side analysts predict that Aptiv PLC will post earnings per share of 5.66 for the current financial year.

Aptiv profile

(Free report)

Aptiv PLC is engaged in the design, manufacture and sale of vehicle components in North America, Europe, the Middle East, Africa, Asia Pacific, South America and internationally. The company provides electrical, electronic and safety technology solutions for the automotive and commercial vehicle markets. It operates through two segments: signal and power solutions and advanced security and user experience.

Read further

Would you like to see which other hedge funds own APTV? Visit HoldingsChannel.com for the latest 13F filings and insider trades for Aptiv PLC (NYSE:APTV – Free Report).

Quarterly Institutional Ownership for Aptiv (NYSE:APTV)



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