Figure 8 Investment Strategies LLC acquired a new position in Aptiv PLC (NYSE:APTV - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,033 shares of the auto parts company's stock, valued at approximately $1,311,000.
A number of other institutional investors and hedge funds have also bought and sold shares of APTV. Massachusetts Financial Services Co. MA boosted its stake in shares of Aptiv by 11.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock valued at $864,206,000 after purchasing an additional 1,517,104 shares during the last quarter. FMR LLC boosted its position 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 acquiring an additional 126,882 shares during the last quarter. Franklin Resources Inc. grew its holdings in Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after acquiring an additional 1,408,433 shares during the period. Victory Capital Management Inc. raised its position in shares of Aptiv by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock worth $234,799,000 after acquiring an additional 223,831 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Aptiv by 25.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock worth $168,619,000 after acquiring an additional 552,066 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.
Aptiv Price Performance
Shares of NYSE:APTV opened at $67.01 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The stock has a market cap of $14.59 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 0.75 and a beta of 1.47. The stock's fifty day simple moving average is $62.73 and its two-hundred day simple moving average is $61.76. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $80.95.
Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. During the same period last year, the firm earned $1.16 earnings per share. The firm's revenue was down 1.6% on a year-over-year basis. As a group, analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms recently commented on APTV. Wells Fargo & Company raised their target price on Aptiv from $75.00 to $85.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Morgan Stanley cut their price target on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a report on Monday, May 19th. Piper Sandler set a $70.00 target price on shares of Aptiv and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Barclays raised their price target on shares of Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $81.56.
Check Out Our Latest Analysis on Aptiv
Aptiv Company Profile
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Free Report)
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.
See Also
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