Aptiv PLC (NYSE:APTV) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 55.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,295 shares of the auto parts company's stock after purchasing an additional 6,145 shares during the period. Y Intercept Hong Kong Ltd's holdings in Aptiv were worth $1,029,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in APTV. Mather Group LLC. increased its position in shares of Aptiv by 155.2% during the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 385 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of 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 purchasing an additional 470 shares during the period. UMB Bank n.a. purchased a new position in shares of Aptiv in the first quarter valued at approximately $48,000. Blue Trust Inc. boosted its stake in shares of 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 purchasing an additional 406 shares during the period. 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 valued at $81,000 after purchasing an additional 848 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on APTV shares. Wells Fargo & Company raised their price objective on shares of Aptiv from $85.00 to $86.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. UBS Group lifted their price target on shares of Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Wolfe Research downgraded shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Morgan Stanley decreased their price target on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. Finally, Bank of America lifted their price target on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.63.

Aptiv Stock Performance

Aptiv stock traded up $0.47 during trading hours on Friday, reaching $70.93. 1,801,988 shares of the stock were exchanged, compared to its average volume of 2,031,056. The stock has a market cap of $15.44 billion, a P/E ratio of 11.74, a P/E/G ratio of 0.78 and a beta of 1.46. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $80.95. The firm's 50 day moving average is $68.72 and its 200 day moving average is $63.59.

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