Oak Thistle LLC Increases Stock Holdings in Aptiv PLC (NYSE:APTV)

Oak Thistle LLC raised its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 52.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,880 shares of the auto parts company's stock after purchasing an additional 7,571 shares during the quarter. Oak Thistle LLC's holdings in Aptiv were worth $1,302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mather Group LLC. raised its holdings in Aptiv by 155.2% in the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after purchasing an additional 385 shares in the last quarter. Versant Capital Management Inc boosted its position in Aptiv by 201.7% in the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after buying an additional 470 shares during the last quarter. UMB Bank n.a. purchased a new stake in Aptiv in the first quarter valued at approximately $48,000. Blue Trust Inc. boosted its position in Aptiv by 48.4% in the first quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock valued at $74,000 after buying an additional 406 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Aptiv by 164.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock worth $81,000 after buying an additional 848 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

APTV has been the subject of a number of analyst reports. Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada lifted their target price on shares of Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Barclays increased their price target on shares of Aptiv from $65.00 to $85.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen upgraded shares of Aptiv to a "hold" rating in a research report on Saturday, June 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $81.63.

Aptiv Price Performance

Shares of Aptiv stock traded up $0.47 during trading hours on Friday, reaching $70.93. 1,801,988 shares of the company's stock were exchanged, compared to its average volume of 3,022,609. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $80.95. The company has a market capitalization of $15.44 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 0.79 and a beta of 1.46. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. The business has a fifty day moving average of $68.67 and a two-hundred day moving average of $63.53.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The business had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the company earned $1.16 EPS. The company's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal 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.