Johnson Investment Counsel Inc. purchased a new stake in Aptiv PLC (NYSE:APTV - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,130 shares of the auto parts company's stock, valued at approximately $305,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank purchased a new position in Aptiv in the fourth quarter valued at about $106,492,000. Pictet Asset Management Holding SA grew its holdings in shares of Aptiv by 1,018.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $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 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 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 worth $371,767,000 after purchasing an additional 1,408,433 shares during the last quarter. Finally, Paloma Partners Management Co raised its holdings in Aptiv by 968.7% during the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock worth $55,007,000 after purchasing an additional 824,400 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.
Aptiv Price Performance
APTV opened at $67.01 on Monday. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $80.95. The company's 50 day simple moving average is $62.73 and its 200 day simple moving average is $61.76. The stock has a market capitalization of $14.59 billion, a PE ratio of 11.09, a P/E/G ratio of 0.75 and a beta of 1.47. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61.
Aptiv (NYSE:APTV - Get Free Report) last announced 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. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the business earned $1.16 EPS. Aptiv's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Aptiv PLC will post 7.2 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on APTV. Piper Sandler set a $70.00 price target on Aptiv and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada raised their target price on shares of Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. TD Cowen began coverage on shares of Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 target price for the company. Guggenheim lowered shares of Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. Finally, UBS Group raised their price objective on shares of Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.56.
View Our Latest Stock Analysis on APTV
Aptiv Profile
(
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.
Further Reading
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