ASR Vermogensbeheer N.V. Makes New $8.90 Million Investment 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 shares of Aptiv PLC (NYSE:APTV - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. 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 0.07% of Aptiv as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Middleton & Co. Inc. MA increased its holdings in Aptiv by 63.1% during the 1st quarter. Middleton & Co. Inc. MA now owns 33,668 shares of the auto parts company's stock worth $2,003,000 after acquiring an additional 13,026 shares during the period. Principal Financial Group Inc. grew its position in shares of Aptiv by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock valued at $16,826,000 after purchasing an additional 9,552 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Aptiv by 89.5% in the first quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company's stock worth $1,333,000 after purchasing an additional 10,585 shares during the period. GAMMA Investing LLC raised its position in shares of Aptiv by 348.2% in the first quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company's stock worth $164,000 after buying an additional 2,138 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Aptiv by 5.5% during the first quarter. Envestnet Asset Management Inc. now owns 303,652 shares of the auto parts company's stock valued at $18,067,000 after buying an additional 15,849 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Up 0.6%

Shares of Aptiv stock opened at $65.17 on Thursday. 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 PLC has a 52-week low of $47.19 and a 52-week high of $75.41. The company's 50 day moving average price is $68.66 and its 200-day moving average price is $63.92. The stock has a market capitalization of $14.19 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 0.73 and a beta of 1.48.

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. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.02 billion. During the same quarter in the prior year, the company posted $1.58 EPS. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on APTV shares. Oppenheimer restated an "outperform" rating and issued a $88.00 target price (up from $84.00) on shares of Aptiv in a research note on Monday. Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Wolfe Research lowered shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Wall Street Zen raised shares of Aptiv to a "hold" rating in a report on Saturday, June 21st. Finally, Royal Bank Of Canada raised their price objective on shares of Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a research report on Tuesday. 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's stock. Based on data from MarketBeat.com, the stock 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.

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