Crossmark Global Holdings Inc. Buys 10,585 Shares of Aptiv PLC (NYSE:APTV)

Crossmark Global Holdings Inc. lifted its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 89.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,411 shares of the auto parts company's stock after buying an additional 10,585 shares during the period. Crossmark Global Holdings Inc.'s holdings in Aptiv were worth $1,333,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of APTV. Massachusetts Financial Services Co. MA raised its holdings in shares of Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after acquiring an additional 1,517,104 shares in the last quarter. FMR LLC raised its holdings in Aptiv by 1.7% during the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock valued at $470,247,000 after buying an additional 126,882 shares in the last quarter. Franklin Resources Inc. raised its holdings in Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock valued at $371,767,000 after buying an additional 1,408,433 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Aptiv by 25.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock valued at $168,619,000 after buying an additional 552,066 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Aptiv by 20.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,541,024 shares of the auto parts company's stock valued at $153,674,000 after buying an additional 433,857 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Price Performance

Shares of NYSE:APTV traded up $1.22 during trading on Monday, reaching $70.50. The stock had a trading volume of 2,520,570 shares, compared to its average volume of 3,384,191. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $80.95. The business's 50-day moving average price is $67.53 and its 200 day moving average price is $62.98. 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 stock has a market capitalization of $15.35 billion, a PE ratio of 11.67, a P/E/G ratio of 0.77 and a beta of 1.46.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. Aptiv's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on APTV. Bank of America raised their target price on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a report on Monday, June 16th. Wolfe Research lowered Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Guggenheim lowered Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Robert W. Baird lifted their price objective on Aptiv from $80.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Piper Sandler set a $70.00 price objective on Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $80.38.

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.