AustralianSuper Pty Ltd purchased a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,970,764 shares of the auto parts company's stock, valued at approximately $117,260,000. AustralianSuper Pty Ltd owned about 0.86% of Aptiv at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its position in Aptiv by 3.5% in the first quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock worth $16,826,000 after acquiring an additional 9,552 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in 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 acquiring an additional 10,585 shares in the last quarter. GAMMA Investing LLC raised its position in 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 acquiring an additional 2,138 shares in the last quarter. Diametric Capital LP purchased a new position in Aptiv in the fourth quarter worth $972,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Aptiv by 8.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company's stock worth $28,700,000 after acquiring an additional 35,426 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.
Analyst Upgrades and Downgrades
APTV has been the subject of a number of research analyst reports. Guggenheim cut Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Piper Sandler set a $70.00 price target on Aptiv and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Wall Street Zen raised Aptiv to a "hold" rating in a research note on Saturday, June 21st. Morgan Stanley decreased their price objective on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, May 19th. Finally, Wells Fargo & Company increased their price objective on Aptiv from $85.00 to $86.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Aptiv presently has a consensus rating of "Moderate Buy" and an average price target of $81.63.
Check Out Our Latest Research Report on APTV
Aptiv Trading Down 3.0%
Shares of NYSE APTV traded down $2.11 during midday trading on Friday, hitting $68.16. The stock had a trading volume of 2,481,029 shares, compared to its average volume of 3,361,602. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.76 and a beta of 1.46. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $80.95. The company has a fifty day moving average price of $68.51 and a 200 day moving average price of $63.28.
Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.55 by $0.14. The business 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 company's revenue was down 1.6% on a year-over-year basis. During the same period last year, the business posted $1.16 EPS. On average, analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.
About Aptiv
(
Free Report)
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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