Jupiter Asset Management Ltd. Buys 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 position in 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 SEC. The fund owned 246,079 shares of the auto parts company's stock after purchasing an additional 22,567 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.11% of Aptiv worth $14,642,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of APTV. Mather Group LLC. lifted its position in shares of Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 385 shares during the period. Eastern Bank purchased a new stake in shares of Aptiv in the first quarter valued at about $39,000. Versant Capital Management Inc grew its position in Aptiv by 201.7% during the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after buying an additional 470 shares during the period. UMB Bank n.a. bought a new position in Aptiv during the first quarter valued at about $48,000. Finally, Blue Trust Inc. boosted its position in Aptiv by 48.4% during the first quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock worth $74,000 after purchasing an additional 406 shares during the period. 94.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wolfe Research lowered shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Aptiv to a "hold" rating in a report on Saturday, June 21st. Guggenheim cut shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Oppenheimer lifted their price target on shares of Aptiv from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Monday. Finally, Robert W. Baird set a $82.00 target price on shares of Aptiv and gave the company an "outperform" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $81.50.

Aptiv Stock Performance

NYSE:APTV traded down $1.14 during mid-day trading on Tuesday, reaching $63.72. The company's stock had a trading volume of 4,566,774 shares, compared to its average volume of 3,020,517. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $75.41. The firm's fifty day moving average price is $68.78 and its two-hundred day moving average price is $63.90. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The stock has a market cap of $13.87 billion, a P/E ratio of 14.55, a PEG ratio of 0.73 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

About Aptiv

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.