The Vanguard Group, Inc. has recently announced that it has increased stake in Aptiv PLC (NYSE:APTV) by 4.22%. After grabbing 30.22 million shares, the institutional investor is now in possession of 1.22 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 10.69% having worth around $2.64 billion. Moreover, BlackRock Fund Advisors increased its share by 0.43 million to have a control over 13.46 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.28 million shares by acquiring 10.72 million shares or 3.79% of the stake.
Aptiv PLC (APTV) concluded trading on 12/14/23 at a closing price of $88.85, with 4.77 million shares of worth about $423.79 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.27% during that period and on Thursday the price saw a gain of about 8.91%. Currently the company’s common shares owned by public are about 282.86M shares, out of which, 281.44M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 85 times over the past 12 months. They bought 496,214 shares in 33 of the transactions. In 52 selling transactions, insiders dumped 280,685 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in Aptiv PLC Vanguard Total Stock Market ETF is currently holding 8.85 million shares of worth totaling $771.94 million. The company recently came buying 37912.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard 500 Index Fund bought 29919.0 shares, after which its hold over company’s outstanding shares expand to 2.41%, leaving 6.83 million shares with the mutual fund that have a worth of about $595.36 million. Vanguard Mid Cap Index Fund, after buying 6.42 million shares, have now control over 2.27% of the stake in the company. It holds 16261.0 shares of worth $560.07 million.
However, the stock later moved at a day high price of 88.85, or with a gain of 8.91%. Stock saw a price change of 9.89% in past 5 days and over the past one month there was a price change of 11.89%. Year-to-date (YTD), APTV shares are showing a performance of -4.60% which decreased to -8.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $71.01 but also hit the highest price of $124.88 during that period. The average intraday trading volume for Aptiv PLC shares is 2.39 million. The stock is currently trading 9.13% above its 20-day simple moving average (SMA20), while that difference is up 4.37% for SMA50 and it goes to -9.63% lower than SMA200.
The Vanguard Group, Inc. acquired 30.22 million shares of Aptiv PLC having value of about $2.64 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 1.22 million shares in the company valued at close to $108702466.3, or have control over 4.22% stake in the company. Aptiv PLC (NYSE: APTV) currently have 282.86M outstanding shares and institutions hold larger chunk of about 94.88% of that. Holding of mutual funds in the company is about 37.79% while other institutional holders and individual stake holders have control over 58.73% and 0.81% of the stake respectively.
The stock has a current market capitalization of $25.13B and its 3Y-monthly beta is at 1.99. PE ratio of stock for trailing 12 months is 11.12, while it has posted earnings per share of $7.99 in the same period. Its PEG reads 0.38 and has Quick Ratio of 1.29 while making debt-to-equity ratio of 0.65. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APTV, volatility over the week remained 3.92% while standing at 2.70% over the month.
Analysts are in expectations that Aptiv PLC (APTV) stock would likely to be making an EPS of $1.3 in the current quarter, while forecast for next quarter EPS is $1.25 and it is $5.91 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.14 which is $1.44 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.27 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 39.51% while it is estimated to increase by 24.20% in next year. EPS is likely to grow at an annualized rate of 29.04% for next 5-years, compared to annual growth of -17.28% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on November 03, 2023 offering a Neutral rating for the stock and assigned a target price range of between $82 and $80 to it.
