Freestone Capital Holdings LLC Increases Stake in Aptiv PLC $APTV

Key Points

• Freestone Capital Holdings LLC increased its stake in Aptiv PLC by 40.0%, acquiring an additional 11,296 shares, bringing their total holding to 39,502 shares valued at $2.35 million.
• Multiple institutional investors have shown strong interest in Aptiv, with notable increases in holdings from Guggenheim Capital (6.8%), Gamco Investors (101.3%), and GeoWealth Management (203.2%) during the 4th quarter.
• Aptiv reported a surge in quarterly earnings, with earnings per share of $2.12, surpassing analysts' expectations and indicating a 3.1% revenue growth year-over-year in the recent quarter.

Freestone Capital Holdings LLC increased its position in Aptiv PLC (NYSE:APTV - Free Report) by 40.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 39,502 shares of the auto parts company's stock after acquiring an additional 11,296 shares during the quarter. Freestone Capital Holdings LLC's holdings in Aptiv were worth $2,350,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in APTV. Guggenheim Capital LLC grew its holdings in Aptiv by 6.8% during the 4th quarter. Guggenheim Capital LLC now owns 14,641 shares of the auto parts company's stock valued at $885,000 after buying an additional 927 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Aptiv by 101.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 9,600 shares of the auto parts company's stock valued at $581,000 after buying an additional 4,831 shares in the last quarter. GeoWealth Management LLC grew its holdings in Aptiv by 203.2% during the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock valued at $92,000 after buying an additional 1,022 shares in the last quarter. First Trust Advisors LP grew its holdings in Aptiv by 15.0% during the 4th quarter. First Trust Advisors LP now owns 1,747,087 shares of the auto parts company's stock valued at $105,664,000 after buying an additional 228,421 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Aptiv by 20.6% during the 4th 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. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on Aptiv from $85.00 to $92.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Wall Street Zen raised Aptiv to a "hold" rating in a report on Saturday, June 21st. Robert W. Baird set a $82.00 target price on Aptiv and gave the stock an "outperform" rating in a research note on Friday, July 11th. Guggenheim lowered Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. Finally, UBS Group upped their target price on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.81.

Aptiv Price Performance

Shares of Aptiv stock opened at $74.13 on Monday. 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 company has a market cap of $16.14 billion, a PE ratio of 16.96, a P/E/G ratio of 0.83 and a beta of 1.48. The business has a 50 day moving average of $69.24 and a 200 day moving average of $64.31. 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 posted its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 earnings per share. As a group, equities research analysts forecast 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.