33,189 Shares in Aptiv PLC (NYSE:APTV) Bought by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. purchased a new stake in shares of Aptiv PLC (NYSE:APTV - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 33,189 shares of the auto parts company's stock, valued at approximately $1,975,000.

Several other institutional investors have also recently bought and sold shares of the business. Picton Mahoney Asset Management acquired a new stake in shares of Aptiv in the fourth quarter valued at $37,000. Versant Capital Management Inc grew its holdings in Aptiv by 201.7% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after acquiring an additional 470 shares during the last quarter. UMB Bank n.a. bought a new stake in Aptiv during the 1st quarter worth about $48,000. Blue Trust Inc. raised its stake in shares of Aptiv by 48.4% in the first quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock worth $74,000 after acquiring an additional 406 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Aptiv by 164.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock worth $81,000 after acquiring an additional 848 shares during the last quarter. Institutional investors own 94.21% of the company's stock.

Aptiv Trading Up 1.0%

APTV traded up $0.65 during mid-day trading on Thursday, hitting $68.06. The stock had a trading volume of 1,807,186 shares, compared to its average volume of 3,431,305. The stock's fifty day simple moving average is $63.74 and its 200-day simple moving average is $61.91. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 0.76 and a beta of 1.47. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $80.95. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.61 and a quick ratio of 1.11.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the business posted $1.16 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. As a group, research analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America raised their price target on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a report on Monday, June 16th. Wall Street Zen raised Aptiv to a "hold" rating in a research note on Saturday, June 21st. TD Cowen started coverage on Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 target price for the company. Robert W. Baird decreased their price target on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Finally, Barclays lifted their price objective on Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $81.56.

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.