Allianz Asset Management GmbH Purchases 11,600 Shares of Aptiv PLC (NYSE:APTV)

Key Points

• Allianz Asset Management GmbH increased its stake in Aptiv PLC by 84.2% during Q1, acquiring an additional 11,600 shares, bringing its total holdings to 25,379 shares valued at $1,510,000.
• Aptiv reported earnings of $1.69 per share for the last quarter, exceeding analyst expectations, but its revenue declined by 1.6% year-over-year.
• Analysts have mixed opinions on Aptiv's stock, with Barclays raising the target price from $65.00 to $85.00, while Morgan Stanley lowered it from $60.00 to $55.00, reflecting a diverse outlook on the company's performance.

Allianz Asset Management GmbH boosted its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 84.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,379 shares of the auto parts company's stock after purchasing an additional 11,600 shares during the quarter. Allianz Asset Management GmbH's holdings in Aptiv were worth $1,510,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its stake in Aptiv by 11.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after buying an additional 1,517,104 shares during the last quarter. FMR LLC grew its stake in Aptiv by 1.7% during the 4th quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock worth $470,247,000 after buying an additional 126,882 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Aptiv by 25.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock worth $168,619,000 after buying an additional 552,066 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Aptiv by 20.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,541,024 shares of the auto parts company's stock worth $153,674,000 after buying an additional 433,857 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Aptiv by 6.1% in the 4th quarter. Northern Trust Corp now owns 2,427,968 shares of the auto parts company's stock valued at $146,844,000 after purchasing an additional 139,843 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

Shares of Aptiv stock traded down $2.88 during trading on Friday, hitting $65.76. The stock had a trading volume of 2,773,861 shares, compared to its average volume of 2,274,872. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.11. The firm has a market cap of $14.32 billion, a P/E ratio of 15.05, a PEG ratio of 0.76 and a beta of 1.48. The business has a fifty day moving average of $68.81 and a two-hundred day moving average of $63.84. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $75.41.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded Aptiv to a "hold" rating in a research note on Saturday, June 21st. Morgan Stanley cut their price target on Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. Piper Sandler set a $70.00 price target on Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. UBS Group upped their price target on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada upped their price objective on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and a consensus price target of $80.38.

Aptiv Company 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.