Connor Clark & Lunn Investment Management Ltd. Boosts Holdings in Aptiv PLC (NYSE:APTV)

Key Points

• Connor Clark & Lunn Investment Management Ltd. significantly increased its stake in Aptiv PLC by 70.8%, owning 186,345 shares valued at approximately $11 million.
• Several hedge funds acquired new positions in Aptiv during the first quarter, contributing to institutional investors owning 94.21% of the company.
• Analysts have mixed views on Aptiv's stock, with price targets ranging from $55 to $89, and a consensus rating of "Moderate Buy."

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 70.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 186,345 shares of the auto parts company's stock after acquiring an additional 77,271 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Aptiv worth $11,088,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new position in Aptiv during the first quarter worth approximately $26,000. Mather Group LLC. boosted its holdings in shares of Aptiv by 155.2% in the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 385 shares in the last quarter. Eastern Bank purchased a new stake in Aptiv in the 1st quarter valued at approximately $39,000. Versant Capital Management Inc raised its position in Aptiv by 201.7% in 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 in the last quarter. Finally, UMB Bank n.a. purchased a new position in shares of Aptiv in the 1st quarter valued at about $48,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Trading Up 4.1%

NYSE APTV traded up $2.97 during mid-day trading on Wednesday, reaching $74.67. 2,878,980 shares of the stock were exchanged, compared to its average volume of 2,767,511. The stock has a market cap of $16.26 billion, a P/E ratio of 17.09, a P/E/G ratio of 0.80 and a beta of 1.48. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24. Aptiv PLC has a one year low of $47.19 and a one year high of $75.41. The stock has a 50 day simple moving average of $68.73 and a 200-day simple moving average of $64.07.

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

Analysts Set New Price Targets

APTV has been the topic of several recent research reports. Barclays boosted their price objective on shares of Aptiv from $65.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Bank of America upped 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. Robert W. Baird set a $82.00 target price on shares of Aptiv and gave the company an "outperform" rating in a research note on Friday, July 11th. Piper Sandler set a $70.00 price target on Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Finally, Oppenheimer reiterated an "outperform" rating and set a $88.00 price objective (up previously from $84.00) on shares of Aptiv in a research note on Monday, August 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.81.

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.