Louisiana State Employees Retirement System bought a new position in Aptiv PLC (NYSE:APTV - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,300 shares of the auto parts company's stock, valued at approximately $732,000.
Other hedge funds have also added to or reduced their stakes in the company. Covestor Ltd grew its stake in Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after acquiring an additional 186 shares during the period. Stephens Inc. AR grew its stake in Aptiv by 5.4% in the first quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company's stock valued at $234,000 after acquiring an additional 201 shares during the period. OLD Second National Bank of Aurora grew its stake 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 valued at $1,461,000 after acquiring an additional 239 shares during the period. ProShare Advisors LLC grew its stake in Aptiv by 0.5% in the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock valued at $3,128,000 after acquiring an additional 248 shares during the period. Finally, Westpac Banking Corp grew its stake in Aptiv by 21.9% in the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after acquiring an additional 341 shares during the period. 94.21% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages recently commented on APTV. UBS Group lifted their price target on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Wall Street Zen raised Aptiv to a "hold" rating in a report on Saturday, June 21st. Bank of America lifted their price objective on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Royal Bank Of Canada lifted their price objective on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Guggenheim lowered Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Aptiv has a consensus rating of "Moderate Buy" and a consensus price target of $81.63.
Check Out Our Latest Report on APTV
Aptiv Stock Performance
APTV stock opened at $68.16 on Friday. The company has a market cap of $14.84 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 0.76 and a beta of 1.46. 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. The stock's fifty day moving average price is $68.51 and its 200-day moving average price is $63.28.
Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The company had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same period last year, the firm earned $1.16 EPS. Aptiv's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.
Aptiv Company Profile
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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.
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