Banque Cantonale Vaudoise Buys New Shares in Aptiv PLC (NYSE:APTV)

Key Points

• Banque Cantonale Vaudoise has purchased 17,699 shares of Aptiv PLC, valued at approximately $1.05 million, adding to its portfolio in the first quarter.
• Aptiv reported strong quarterly earnings with an EPS of $2.12, surpassing analysts' estimates, and a revenue of $5.21 billion, which aligns with increasing investor interest.
• Several analysts have recently adjusted their ratings and price targets for Aptiv, with a consensus target price now at $81.63, indicating a generally positive outlook for the stock.

Banque Cantonale Vaudoise bought a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 17,699 shares of the auto parts company's stock, valued at approximately $1,053,000.

Other institutional investors have also made changes to their positions in the company. Mather Group LLC. lifted its position in shares of Aptiv by 155.2% during the first 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 lifted its position in shares of Aptiv by 201.7% during the first 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. acquired a new position in shares of Aptiv during the first quarter worth approximately $48,000. Blue Trust Inc. raised its stake in shares of Aptiv by 48.4% during the first quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock worth $74,000 after buying an additional 406 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Aptiv by 164.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock worth $81,000 after buying an additional 848 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Up 0.1%

APTV traded up $0.09 during trading hours on Tuesday, hitting $64.95. 5,772,878 shares of the company's stock were exchanged, compared to its average volume of 3,044,161. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $75.41. The stock's 50-day moving average is $68.78 and its two-hundred day moving average is $63.90. The stock has a market cap of $14.14 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 0.73 and a beta of 1.48. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%. The business'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 earned $1.58 earnings per share. Sell-side analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on APTV shares. Bank of America boosted their price target on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Wall Street Zen raised shares of Aptiv to a "hold" rating in a research note on Saturday, June 21st. Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. Oppenheimer upped their target price on shares of Aptiv from $84.00 to $88.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Barclays upped their target price on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $81.50.

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.