Charles Schwab Investment Management Inc. Purchases 8,877 Shares of Aptiv PLC (NYSE:APTV)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 0.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,520,372 shares of the auto parts company's stock after acquiring an additional 8,877 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.70% of Aptiv worth $90,462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Stephens Inc. AR raised its holdings in shares of Aptiv by 5.4% during the first quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company's stock valued at $234,000 after acquiring an additional 201 shares in 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 acquiring an additional 239 shares in the last quarter. ProShare Advisors LLC raised its holdings in Aptiv by 0.5% in the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock worth $3,128,000 after purchasing an additional 248 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in Aptiv by 1.3% in the fourth quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company's stock worth $1,552,000 after purchasing an additional 341 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its holdings in Aptiv by 1.9% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 19,565 shares of the auto parts company's stock worth $1,183,000 after purchasing an additional 360 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on APTV. Wells Fargo & Company increased their price objective on Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Guggenheim downgraded Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Piper Sandler set a $70.00 price objective on Aptiv and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Bank of America increased their price objective on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Finally, Oppenheimer reissued an "outperform" rating and issued a $88.00 target price (up from $84.00) on shares of Aptiv in a research note on Monday, August 4th. One equities 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 assigned a strong buy rating to the stock. According to MarketBeat, Aptiv has an average rating of "Moderate Buy" and an average target price of $81.81.

Aptiv Stock Performance

NYSE:APTV traded down $0.16 on Friday, hitting $74.13. The stock had a trading volume of 1,896,279 shares, compared to its average volume of 2,876,375. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 0.83 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. The business's 50-day simple moving average is $69.24 and its two-hundred day simple moving average is $64.29. 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 announced its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $5.21 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm posted $1.58 earnings per share. As a group, research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

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.