Jupiter Asset Management Ltd. Purchases 22,567 Shares of Aptiv PLC (NYSE:APTV)

Key Points

• Jupiter Asset Management Ltd. increased its stake in Aptiv PLC by 10.1%, acquiring an additional 22,567 shares in the first quarter, now holding a total of 246,079 shares valued at approximately $14.6 million.
• Wall Street analysts show mixed sentiments on Aptiv, with one sell rating, nine hold ratings, and ten buy ratings, along with an average price target of $80.38.
• Aptiv's latest earnings report revealed $2.12 EPS, exceeding estimates and marking a 3.1% revenue increase year-over-year, with total revenue reaching $5.21 billion.

Jupiter Asset Management Ltd. grew its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 10.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 246,079 shares of the auto parts company's stock after acquiring an additional 22,567 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.11% of Aptiv worth $14,642,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in APTV. AustralianSuper Pty Ltd bought a new stake in Aptiv during the 1st quarter worth approximately $117,260,000. Pacer Advisors Inc. increased its holdings in shares of Aptiv by 5,379.7% during the first quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company's stock valued at $113,489,000 after acquiring an additional 1,872,571 shares in the last quarter. Paloma Partners Management Co lifted its position in shares of Aptiv by 968.7% during the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock valued at $55,007,000 after buying an additional 824,400 shares in the last quarter. Cartenna Capital LP acquired a new stake in shares of Aptiv in the 4th quarter worth $26,776,000. Finally, Dimensional Fund Advisors LP boosted 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 acquiring an additional 433,857 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Trading Up 0.7%

Shares of Aptiv stock traded up $0.43 during trading on Thursday, hitting $65.55. The company's stock had a trading volume of 408,551 shares, compared to its average volume of 3,028,856. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $75.41. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48. The stock has a 50-day moving average price of $68.66 and a two-hundred day moving average price of $63.92.

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, beating analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Equities research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on APTV. Wolfe Research lowered Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Barclays lifted their target price on Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Bank of America lifted their price objective on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Wall Street Zen upgraded Aptiv to a "hold" rating in a research note on Saturday, June 21st. Finally, Piper Sandler set a $70.00 price target on Aptiv and gave the company a "neutral" rating in a research note on Thursday, May 22nd. One investment 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $81.50.

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.