ASR Vermogensbeheer N.V. Invests $8.90 Million in Aptiv PLC (NYSE:APTV)

Key Points

• ASR Vermogensbeheer N.V. acquired a new stake in Aptiv PLC worth approximately $8.90 million during the 1st quarter, purchasing 149,583 shares.
• Aptiv reported better-than-expected Q2 earnings of $2.12 per share, exceeding estimates by $0.29, with a revenue of $5.21 billion.
• Several institutions have significantly increased their holdings in Aptiv, with 94.21% of the stock owned by hedge funds and other institutional investors after various increases throughout the quarter.

ASR Vermogensbeheer N.V. purchased a new stake in Aptiv PLC (NYSE:APTV - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 149,583 shares of the auto parts company's stock, valued at approximately $8,900,000. ASR Vermogensbeheer N.V. owned about 0.07% of Aptiv as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of APTV. Covestor Ltd increased its stake in Aptiv by 11.4% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after purchasing an additional 186 shares in the last quarter. Stephens Inc. AR increased its position in Aptiv by 5.4% during the first quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company's stock worth $234,000 after buying an additional 201 shares in the last quarter. OLD Second National Bank of Aurora increased its position in Aptiv by 1.0% during the first quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company's stock worth $1,461,000 after buying an additional 239 shares in the last quarter. ProShare Advisors LLC increased its position in Aptiv by 0.5% during the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock worth $3,128,000 after buying an additional 248 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in shares of Aptiv by 1.3% during the fourth quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company's stock worth $1,552,000 after purchasing an additional 341 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Stock Down 0.1%

Shares of NYSE APTV traded down $0.06 during mid-day trading on Monday, reaching $66.85. The company had a trading volume of 784,420 shares, compared to its average volume of 3,025,875. The stock has a market capitalization of $14.56 billion, a PE ratio of 15.28, a price-to-earnings-growth 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. The stock's 50 day moving average is $68.61 and its 200-day moving average is $63.99. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The company 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 business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 earnings per share. As a group, equities analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on APTV. Piper Sandler set a $70.00 target price on Aptiv and gave the company a "neutral" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their target price on Aptiv from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wolfe Research lowered Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Bank of America lifted their target price on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Finally, Wells Fargo & Company lifted their target price on Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. One investment 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.