Benjamin Edwards Inc. Raises Stock Holdings in Aptiv PLC (NYSE:APTV)

Key Points

• Benjamin Edwards Inc. increased its stake in Aptiv PLC by 67.2% in Q1, owning 29,509 shares valued at approximately $1.76 million.
• Analysts have given Aptiv a consensus rating of "Moderate Buy" with a target price averaging $81.50. Price targets vary widely among analysts, ranging from $55.00 to $92.00.
• Aptiv reported $2.12 earnings per share for the last quarter, exceeding estimates and achieving revenue of $5.21 billion, marking a 3.1% year-over-year increase.

Benjamin Edwards Inc. lifted its position in Aptiv PLC (NYSE:APTV - Free Report) by 67.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,509 shares of the auto parts company's stock after acquiring an additional 11,862 shares during the quarter. Benjamin Edwards Inc.'s holdings in Aptiv were worth $1,756,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Middleton & Co. Inc. MA increased its holdings in shares of Aptiv by 63.1% during the first quarter. Middleton & Co. Inc. MA now owns 33,668 shares of the auto parts company's stock valued at $2,003,000 after acquiring an additional 13,026 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Aptiv by 3.5% during the first quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock valued at $16,826,000 after acquiring an additional 9,552 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Aptiv by 89.5% during the first quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company's stock valued at $1,333,000 after acquiring an additional 10,585 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Aptiv by 348.2% during the first quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company's stock valued at $164,000 after acquiring an additional 2,138 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of 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 acquiring an additional 15,849 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Price Performance

APTV stock traded up $2.97 during midday trading on Wednesday, reaching $74.67. The stock had a trading volume of 2,878,980 shares, compared to its average volume of 2,767,511. The company's fifty day simple moving average is $68.91 and its 200 day simple moving average is $64.14. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The company has a market cap of $16.26 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 0.80 and a beta of 1.48. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $75.41.

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

Analyst Ratings Changes

APTV has been the topic of several recent analyst reports. Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Wolfe Research lowered shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Robert W. Baird set a $82.00 price target on shares of Aptiv and gave the stock an "outperform" rating in a research report on Friday, July 11th. Wells Fargo & Company raised their price target on shares of Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Piper Sandler set a $70.00 price target on shares of Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Aptiv currently has an average rating of "Moderate Buy" and a consensus target price of $81.81.

Aptiv Company 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.