D.A. Davidson & CO. Grows Stake in Aptiv PLC (NYSE:APTV)

D.A. Davidson & CO. boosted its stake in Aptiv PLC (NYSE:APTV - Free Report) by 27.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,526 shares of the auto parts company's stock after purchasing an additional 6,285 shares during the period. D.A. Davidson & CO.'s holdings in Aptiv were worth $1,757,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Picton Mahoney Asset Management bought a new stake in Aptiv during the fourth quarter valued at $37,000. Mather Group LLC. boosted its position 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 in the last quarter. Versant Capital Management Inc boosted its position 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 in the last quarter. UMB Bank n.a. bought a new position in shares of Aptiv during the 1st quarter worth about $48,000. Finally, Blue Trust Inc. boosted its position 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 in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on APTV. UBS Group raised their price target on shares of Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Barclays raised their price target on shares of Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Royal Bank Of Canada raised their price target on shares of Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Bank of America increased their price objective on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. 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 given a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Aptiv presently has an average rating of "Moderate Buy" and a consensus target price of $81.61.

Aptiv Trading Down 0.9%

NYSE APTV traded down $0.65 on Tuesday, hitting $71.38. The company's stock had a trading volume of 2,888,976 shares, compared to its average volume of 3,117,060. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $80.95. The firm has a market cap of $15.54 billion, a P/E ratio of 11.82, a PEG ratio of 0.81 and a beta of 1.46. The company's 50-day simple moving average is $66.50 and its 200 day simple moving average is $62.68. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83.

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

About Aptiv

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.