American Century Companies Inc. Has $48.57 Million Position in Aptiv PLC $APTV

American Century Companies Inc. increased its stake in Aptiv PLC by 9.9% to 563,342 shares, valued at $48.57 million, as institutional investors now hold over 94% of the company. Aptiv recently announced the spin-off of its Electrical Distribution Systems unit, with its new entity Versigent pricing a $1.6 billion private offering of senior notes at relatively high coupons, which could lead to increased interest expenses. Analysts currently rate Aptiv as a “Moderate Buy” with a consensus price target of $100.60, significantly above its current trading price of $72.26, despite recent earnings beats and positive guidance.