Cerity Partners LLC Grows Stock Holdings in Aptiv PLC (NYSE:APTV)

Cerity Partners LLC increased its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 144.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,841 shares of the auto parts company's stock after purchasing an additional 18,813 shares during the period. Cerity Partners LLC's holdings in Aptiv were worth $1,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Covestor Ltd raised its holdings in shares of Aptiv by 11.4% during the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after purchasing an additional 186 shares during the last quarter. OLD Second National Bank of Aurora raised its holdings in shares of Aptiv by 1.0% during the first quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company's stock valued at $1,461,000 after purchasing an additional 239 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Aptiv by 0.5% during the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock valued at $3,128,000 after purchasing an additional 248 shares during the last quarter. Westpac Banking Corp raised its holdings in shares of Aptiv by 21.9% during the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after purchasing an additional 341 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in shares of Aptiv by 1.3% during the fourth quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company's stock valued at $1,552,000 after purchasing an additional 341 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Performance

Shares of NYSE APTV opened at $68.16 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.61 and a quick ratio of 1.11. The firm has a fifty day moving average price of $68.51 and a 200-day moving average price of $63.30. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $80.95. The stock has a market cap of $14.84 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.76 and a beta of 1.46.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. Aptiv's revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays set a $85.00 price objective on shares of Aptiv and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Bank of America upped 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. Wolfe Research cut shares of Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Morgan Stanley reduced 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. Finally, Royal Bank Of Canada upped their target price on shares of Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and an average price target of $81.63.

Aptiv 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.

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