UNIVEST FINANCIAL Corp Purchases 16,136 Shares of Aptiv PLC (NYSE:APTV)

Key Points

• UNIVEST FINANCIAL Corp increased its stake in Aptiv PLC by 60.5% during the first quarter, acquiring an additional 16,136 shares to reach a total of 42,826 shares.
• Aptiv's stock ratings are mixed, with one sell, nine hold, ten buy, and three strong buy ratings, resulting in a consensus rating of "Moderate Buy" and a target price of $81.63.
• The company reported earnings of $2.12 per share for the latest quarter, exceeding analysts' expectations of $1.83, along with a revenue increase of 3.1% year-over-year.

UNIVEST FINANCIAL Corp lifted its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 60.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,826 shares of the auto parts company's stock after buying an additional 16,136 shares during the period. UNIVEST FINANCIAL Corp's holdings in Aptiv were worth $2,548,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Mather Group LLC. boosted 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 acquiring an additional 385 shares in the last quarter. Eastern Bank purchased a new position in Aptiv in the 1st quarter worth about $39,000. Versant Capital Management Inc increased its position 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 worth $42,000 after acquiring an additional 470 shares in the last quarter. UMB Bank n.a. acquired a new stake in Aptiv during the 1st quarter valued at $48,000. Finally, Blue Trust Inc. grew its stake in Aptiv by 48.4% during the 1st quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock valued at $74,000 after acquiring an additional 406 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

Aptiv Trading Down 0.1%

Shares of NYSE APTV traded down $0.07 during midday trading on Tuesday, reaching $64.79. The company had a trading volume of 5,962,426 shares, compared to its average volume of 3,044,893. 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 firm's fifty day moving average price is $68.78 and its 200-day moving average price is $63.90. The stock has a market cap of $14.11 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48. Aptiv PLC has a one year low of $47.19 and a one year high of $75.41.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly 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 business 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.58 EPS. On average, equities research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

APTV has been the subject of a number of recent research reports. Wells Fargo & Company raised their price target on Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a research note on Friday. Morgan Stanley lowered their target price on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. JPMorgan Chase & Co. raised their price objective on Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday. Barclays lifted their price target on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Wolfe Research downgraded shares of Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $81.50.

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.