Aptiv PLC (NYSE:APTV) Shares Acquired by Allianz Asset Management GmbH

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 Aptiv PLC (NYSE:APTV - Free Report) by 84.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,379 shares of the auto parts company's stock after buying an additional 11,600 shares during the quarter. Allianz Asset Management GmbH's holdings in Aptiv were worth $1,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 increased its holdings in Aptiv by 1.7% in the 4th quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock valued at $470,247,000 after purchasing an additional 126,882 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Aptiv by 25.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock valued at $168,619,000 after purchasing an additional 552,066 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Aptiv by 20.6% in the 4th 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. Finally, Northern Trust Corp increased its holdings in 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. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Performance

Shares of NYSE:APTV traded down $0.81 on Monday, reaching $64.85. The company's stock had a trading volume of 1,058,839 shares, compared to its average volume of 3,014,755. The stock's 50-day moving average is $68.81 and its two-hundred day moving average is $63.88. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $75.41. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24. The stock has a market capitalization of $14.12 billion, a P/E ratio of 14.84, a PEG ratio of 0.73 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly 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 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 firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 earnings per share. As a group, sell-side analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APTV. Oppenheimer lifted their target price on shares of Aptiv from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Monday. Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. Robert W. Baird set a $82.00 price target on shares of Aptiv and gave the stock an "outperform" rating in a research note on Friday, July 11th. Wells Fargo & Company boosted their price target on shares of Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Wall Street Zen upgraded shares of Aptiv to a "hold" rating in a research note on Saturday, June 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.56.

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.