Bearing Point Capital LLC raised its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 44.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,386 shares of the auto parts company's stock after buying an additional 20,730 shares during the period. Bearing Point Capital LLC's holdings in Aptiv were worth $4,009,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. HB Wealth Management LLC acquired a new stake in Aptiv in the 1st quarter valued at $414,000. Mediolanum International Funds Ltd bought a new position in Aptiv in the 1st quarter valued at approximately $1,416,000. Stevens Capital Management LP acquired a new position in Aptiv in the 1st quarter valued at approximately $462,000. Firetrail Investments PTY Ltd. acquired a new position in Aptiv in the 1st quarter valued at approximately $11,106,000. Finally, Pacer Advisors Inc. increased its position in shares of Aptiv by 5,379.7% during the first quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company's stock worth $113,489,000 after buying an additional 1,872,571 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.
Aptiv Price Performance
Shares of APTV traded down $0.24 during trading hours on Wednesday, reaching $68.00. 1,350,891 shares of the company traded hands, compared to its average volume of 3,000,470. The stock has a fifty day simple moving average of $68.79 and a 200 day simple moving average of $63.73. 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 fifty-two week low of $47.19 and a fifty-two week high of $80.95. The stock has a market capitalization of $14.81 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 0.77 and a beta of 1.46.
Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.14. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the business earned $1.16 EPS. Aptiv's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, research analysts predict that Aptiv PLC will post 7.2 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Barclays raised their price target on shares of Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Bank of America increased their target price on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a report on Monday, June 16th. Wall Street Zen raised shares of Aptiv to a "hold" rating in a report on Saturday, June 21st. Wolfe Research cut shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Finally, Morgan Stanley decreased their target price on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, May 19th. One 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 given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $81.63.
Read Our Latest Analysis on APTV
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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