Banque Cantonale Vaudoise Makes New Investment 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 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 17,699 shares of the auto parts company's stock, valued at approximately $1,053,000.

A number of other hedge funds have also modified their holdings of the business. Mather Group LLC. boosted its position 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. Versant Capital Management Inc increased its stake 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 acquiring an additional 470 shares during the period. UMB Bank n.a. purchased a new stake in Aptiv in the 1st quarter valued at approximately $48,000. Blue Trust Inc. lifted its holdings in shares of Aptiv by 48.4% in the 1st quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock valued at $74,000 after buying an additional 406 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Aptiv by 164.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock valued at $81,000 after buying an additional 848 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on APTV. Wells Fargo & Company lifted their price objective on Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday. Barclays boosted their price target on Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Guggenheim downgraded Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada boosted their price objective on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, UBS Group boosted their price objective on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and an average target price of $80.38.

Aptiv Trading Down 4.2%

Shares of APTV stock traded down $2.88 during mid-day trading on Friday, reaching $65.76. 2,773,861 shares of the stock traded hands, compared to its average volume of 2,274,872. The stock's fifty day simple moving average is $68.81 and its two-hundred day simple moving average is $63.86. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $75.41. The company has a quick ratio of 1.11, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. Aptiv's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.58 earnings per share. On average, research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

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.