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

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Aptiv by 1.7% in the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock worth $470,247,000 after purchasing an additional 126,882 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 433,857 shares during the last quarter. Northern Trust Corp boosted its position in Aptiv by 6.1% during the fourth quarter. Northern Trust Corp now owns 2,427,968 shares of the auto parts company's stock valued at $146,844,000 after acquiring an additional 139,843 shares during the last quarter. AustralianSuper Pty Ltd bought a new stake in Aptiv during the first quarter valued at $117,260,000. Finally, Pacer Advisors Inc. boosted its position 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 acquiring an additional 1,872,571 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on APTV. Barclays upped their price objective on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Wall Street Zen upgraded shares of Aptiv to a "hold" rating in a report on Saturday, June 21st. Wolfe Research lowered shares of Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $88.00 price objective (up previously from $84.00) on shares of Aptiv in a research note on Monday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and an average price target of $81.50.

Aptiv Stock Up 0.6%

APTV traded up $0.39 during midday trading on Wednesday, reaching $65.17. The company's stock had a trading volume of 2,169,398 shares, compared to its average volume of 3,042,788. The firm has a market capitalization of $14.19 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 0.72 and a beta of 1.48. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $75.41. The stock's 50-day moving average is $68.71 and its 200-day moving average is $63.91.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business's revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 earnings per share. As a group, research analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Aptiv Profile

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.