Iyo Bank Ltd. Purchases 17,280 Shares of Aptiv PLC (NYSE:APTV)

Key Points

• Iyo Bank Ltd. boosted its investment in Aptiv PLC by 37.2%, acquiring an additional 17,280 shares and now holding a total of 63,730 shares valued at approximately $3.79 million.
• Major institutional investors, including Goldman Sachs Group Inc. and Pacer Advisors Inc., significantly increased their stakes in Aptiv during the first quarter, reflecting strong interest in the company's stock.
• Aptiv's recent earnings report showed $2.12 earnings per share for the quarter, surpassing estimates, with overall revenue reaching $5.21 billion, indicating a 3.1% year-over-year growth.

Iyo Bank Ltd. increased its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 37.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,730 shares of the auto parts company's stock after buying an additional 17,280 shares during the quarter. Aptiv accounts for about 1.2% of Iyo Bank Ltd.'s holdings, making the stock its 29th biggest holding. Iyo Bank Ltd.'s holdings in Aptiv were worth $3,792,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of APTV. Stephens Inc. AR grew its stake in Aptiv by 5.4% during the first quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company's stock worth $234,000 after purchasing an additional 201 shares during the period. OLD Second National Bank of Aurora boosted its holdings in Aptiv by 1.0% in the first quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company's stock worth $1,461,000 after acquiring an additional 239 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Aptiv by 0.5% in the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock worth $3,128,000 after acquiring an additional 248 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in Aptiv by 1.3% in the fourth quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company's stock worth $1,552,000 after acquiring an additional 341 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co boosted its holdings in Aptiv by 1.9% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 19,565 shares of the auto parts company's stock worth $1,183,000 after acquiring an additional 360 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on APTV shares. Oppenheimer reiterated an "outperform" rating and issued a $88.00 price target (up previously from $84.00) on shares of Aptiv in a report on Monday, August 4th. Bank of America increased their price target on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Morgan Stanley increased their price target on Aptiv from $55.00 to $60.00 and gave the stock an "underweight" rating in a report on Tuesday. Guggenheim lowered Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Finally, Royal Bank Of Canada raised their target price on Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. 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 company's stock. According to data from MarketBeat.com, Aptiv currently has a consensus rating of "Moderate Buy" and an average price target of $81.81.

Aptiv Stock Performance

Aptiv stock traded up $2.97 during mid-day trading on Wednesday, reaching $74.67. 2,878,980 shares of the company's stock were exchanged, compared to its average volume of 2,767,511. The business's fifty day simple moving average is $68.91 and its 200 day simple moving average is $64.14. The firm has a market capitalization of $16.26 billion, a PE ratio of 17.09, a P/E/G ratio of 0.80 and a beta of 1.48. Aptiv PLC has a one year low of $47.19 and a one year high of $75.41. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

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

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.