Gibraltar Capital Management Inc. Purchases 9,535 Shares of Aptiv PLC (NYSE:APTV)

Gibraltar Capital Management Inc. grew its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 7.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 139,415 shares of the auto parts company's stock after buying an additional 9,535 shares during the period. Aptiv makes up 1.8% of Gibraltar Capital Management Inc.'s investment portfolio, making the stock its 14th biggest holding. Gibraltar Capital Management Inc. owned about 0.06% of Aptiv worth $8,295,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Norges Bank bought a new stake in Aptiv in the fourth quarter valued at about $106,492,000. Pictet Asset Management Holding SA increased its stake in Aptiv by 1,018.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock valued at $102,262,000 after acquiring an additional 1,539,724 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Aptiv by 11.9% in the fourth 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 acquiring an additional 1,517,104 shares during the period. Franklin Resources Inc. increased its stake in Aptiv by 29.7% in 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 acquiring an additional 1,408,433 shares during the period. Finally, Paloma Partners Management Co increased its stake in Aptiv by 968.7% in the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock valued at $55,007,000 after acquiring an additional 824,400 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on APTV shares. Robert W. Baird decreased their price objective on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Wolfe Research cut shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 2nd. Bank of America upped their price objective on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Wall Street Zen raised shares of Aptiv to a "hold" rating in a research note on Saturday, June 21st. Finally, Morgan Stanley decreased their price objective on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.61.

Aptiv Trading Down 0.8%

Shares of Aptiv stock traded down $0.60 during trading on Monday, reaching $71.96. 2,123,232 shares of the company were exchanged, compared to its average volume of 3,387,570. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $80.95. The business has a 50-day moving average price of $66.19 and a 200-day moving average price of $62.58. The firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 0.81 and a beta of 1.46.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. The business had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.16 earnings per share. Sell-side analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal 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.