HB Wealth Management LLC Makes New $414,000 Investment in Aptiv PLC (NYSE:APTV)

Key Points

• HB Wealth Management LLC acquired 6,951 shares of Aptiv PLC, valued at approximately $414,000, marking a significant investment in the auto parts company during Q1.
• Aptiv recently reported earnings of $2.12 per share, exceeding analysts' expectations, and its quarterly revenue reached $5.21 billion, up 3.1% year-over-year.
• Analysts remain optimistic about Aptiv's prospects, with several raising their price targets, resulting in an average recommendation of "Moderate Buy" and a target price of $80.38.

HB Wealth Management LLC bought a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,951 shares of the auto parts company's stock, valued at approximately $414,000.

Several other hedge funds and other institutional investors have also made changes to their positions in APTV. AustralianSuper Pty Ltd acquired a new stake in shares of Aptiv in the 1st quarter worth approximately $117,260,000. Pacer Advisors Inc. lifted its stake in Aptiv by 5,379.7% during the first quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company's stock valued at $113,489,000 after purchasing an additional 1,872,571 shares during the last quarter. Paloma Partners Management Co lifted its stake in Aptiv by 968.7% during the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock valued at $55,007,000 after purchasing an additional 824,400 shares during the last quarter. Cartenna Capital LP acquired a new stake in Aptiv during the fourth quarter valued at approximately $26,776,000. Finally, Dimensional Fund Advisors LP lifted its stake in Aptiv by 20.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,541,024 shares of the auto parts company's stock valued at $153,674,000 after purchasing an additional 433,857 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Trading Down 0.1%

Shares of APTV traded down $0.06 on Tuesday, reaching $64.80. 7,104,730 shares of the company's stock were exchanged, compared to its average volume of 3,053,749. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $14.11 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48. The business has a 50 day moving average price of $68.78 and a two-hundred day moving average price of $63.90. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $75.41.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 earnings per share. Research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on APTV shares. Wall Street Zen upgraded shares of Aptiv to a "hold" rating in a research report on Saturday, June 21st. Bank of America upped their price target on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada upped their price objective on shares of Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Wells Fargo & Company upped their price objective on shares of Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and an average price target of $81.50.

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.