Aptiv PLC (NYSE:APTV) Position Boosted by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its stake in Aptiv PLC by 242.7% during the first quarter, acquiring 6,062,438 additional shares, bringing its total ownership to approximately 8.56 million shares valued at around $509 million.
• Analysts have mixed ratings on Aptiv, with Barclays raising its target price to $85.00 while Morgan Stanley lowered its target to $55.00, reflecting varying outlooks on the company's performance.
• Aptiv reported a quarterly EPS of $2.12, exceeding estimates, and saw revenue increase by 3.1% year-over-year to $5.21 billion, outperforming expectations of $5.02 billion.

Goldman Sachs Group Inc. boosted its stake in Aptiv PLC (NYSE:APTV - Free Report) by 242.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,560,781 shares of the auto parts company's stock after buying an additional 6,062,438 shares during the quarter. Goldman Sachs Group Inc. owned approximately 3.93% of Aptiv worth $509,366,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APTV. Mather Group LLC. lifted its stake in shares of Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after purchasing an additional 385 shares during the period. Eastern Bank purchased a new position in shares of Aptiv during the 1st quarter worth $39,000. Versant Capital Management Inc lifted its stake in shares of Aptiv by 201.7% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after purchasing an additional 470 shares during the period. UMB Bank n.a. purchased a new position in shares of Aptiv during the 1st quarter worth $48,000. Finally, Blue Trust Inc. lifted its stake in shares of Aptiv by 48.4% during the 1st quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock worth $74,000 after purchasing an additional 406 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Stock Up 1.6%

Shares of Aptiv stock traded up $1.05 during trading hours on Friday, hitting $66.85. 1,948,263 shares of the company's stock traded hands, compared to its average volume of 2,645,704. The stock has a 50 day simple moving average of $68.61 and a 200-day simple moving average of $63.99. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The company has a market cap of $14.56 billion, a PE ratio of 15.30, a PEG ratio of 0.75 and a beta of 1.48. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $75.41.

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

Analysts Set New Price Targets

APTV has been the topic of a number of recent analyst reports. UBS Group increased 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. Bank of America upped their price objective on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 16th. JPMorgan Chase & Co. upped their price objective on Aptiv from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wall Street Zen upgraded Aptiv to a "hold" rating in a report on Saturday, June 21st. Finally, Oppenheimer restated an "outperform" rating and set a $88.00 price objective (up from $84.00) on shares of Aptiv in a report on Monday, August 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.50.

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.